Looks like Ireland is to lose the race for Euro agencies post Brexit - EBA & EMA

robut

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Ireland reported to be bracing for loss in fight for European agencies

Ireland is set to lose out in the race to host the European Banking Authority and the European Medicines Agency after Brexit, according to reports from Bloomberg.

Quoting a person familiar to the matter, Bloomberg said that Dublin is viewed as having little chance of winning either organisation, partly due to the country's lack of natural geographical allies.

Frankfurt is viewed as one of the leading candidates for the EBA, while Amsterdam and Copenhagen are among the leading contenders for the EMA, the person said.
EU to deal Ireland MAJOR SNUB: 'Lack of allies' sees Dublin losing out in key vote

Dublin lacks the 'geographical allies' necessary to take on the important organisations after they relocate from London, it was claimed by an insider.

A source told Bloomberg: “Dublin is viewed as having little chance of winning either organisation, due to Ireland’s lack of natural geographical allies.

“Frankfurt is viewed as one of the leading candidates for the EBA, while Amsterdam and Copenhagen are among the leading contenders for the EMA.”

Ireland is at a disadvantage as it does not not have the UK to rely on as its closest ally due to Brexit.
Between this now AND that revenue report saying hard border up North AND the Banks generally moving to mainland Europe from UK .. it looks like BREXIT for IRELAND PLC is going to be the land of milk and honey .. NOT.

Every day that passes are we about to get more and more isolated from Europe? End of day we are a tiny economy off the coast of a big Island ( UK ) thats off the coast of Europe. Will geography itself actually become a big part of our Brexit woes?
 


wombat

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. Will geography itself actually become a big part of our Brexit woes?
Yes. If there's a hard Brexit we could be faced with customs checks at entry to the UK and entry to the EU on exit from the UK.
 

robut

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Yes. If there's a hard Brexit we could be faced with customs checks at entry to the UK and entry to the EU on exit from the UK.
What i meant was a bit more general. Our geographical position on the wrong side of UK relative to the European Mainland + our climate vs places like Lisbon etc + non geographical element .. Our cost of living / Quality of life balance. Then our small internal market and population.
 

Tribal

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Have you looked a office rents between Dublin and Frankfort? We're killing opportunities with our glorification of high property prices.

Far easier to blame the EU than ask why seanie fitz is still at liberty.
 

GDPR

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Appalling traffic jams in Dublin, Ireland really needs to fix its transport infrastructure before it can get serious about having major EU agencies located therein.
 

robut

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Have you looked a office rents between Dublin and Frankfort? We're killing opportunities with our glorification of high property prices.

Far easier to blame the EU than ask why seanie fitz is still at liberty.
Yip .. and recent reports have been in media of skilled talent opting for & leaving to Lisbon & Berlin vs Dublin due to high rents, no property availability, cost of living too high

I suppose if you are on same or similar wage in Lisbon ( which you reportedly are ) with cheaper accomodation / cost of living plus SUN .. then its not a difficult decision really is it??
 
D

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Yip .. and recent reports have been in media of skilled talent opting for Lisbon & Berlin vs Dublin due to high rents, no property availability, cost of living too high

I suppose if you are on same or similar wage in Lisbon ( which you are reportedly are ) with cheaper accomodation plus SUN .. then its not a difficult decision really is it??
I heard some comment on a radio discussion about this and it was suggested that the staff of one of the agencies are not interested in Dublin and would far prefer to stay put in London.
 

Strawberry

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I heard some comment on a radio discussion about this and it was suggested that the staff of one of the agencies are not interested in Dublin and would far prefer to stay put in London.
They don't have the option to stay put in London, so that's irrelevant.
 
D

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They don't have the option to stay put in London, so that's irrelevant.
I never said they had that option, but it raises the obvious question as to whether they will look elsewhere for jobs.
 

Strawberry

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I never said they had that option, but it raises the obvious question as to whether they will look elsewhere for jobs.
That's not really relevant to the discussion - which you'd have noticed, if you weren't a total gobsh1te.
 

robut

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I heard some comment on a radio discussion about this and it was suggested that the staff of one of the agencies are not interested in Dublin and would far prefer to stay put in London.
I was referring to this:

Tech talent shortage remains as more candidates reject Dublin

However, many companies face an uphill struggle as candidates from outside Ireland increasingly prefer cities such as Paris, Berlin and Lisbon over Dublin, due to cheaper prices.

“It can be argued that Ireland often compares favourably on income tax, but we find that candidates in job-seeking mode tend to look at the headline comparisons – such as the cost of rent and gross salary – and give little consideration to how actual take-home pay compares between one country and another,” said Mr Mullan
 

wombat

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I heard some comment on a radio discussion about this and it was suggested that the staff of one of the agencies are not interested in Dublin and would far prefer to stay put in London.
I'd be surprised if the banking agency was ever a runner but the medicines board would be a good choice given our pharma sector. I'm sure a lot of the existing staff would prefer to stay in London but all that means is that they have to change employers.
 

Deadlock

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In a way I very much hope both of these reports are true, and that the loss of both provokes a much warranted degree of analysis to determine why this was so, what is to done to rectify it, and then actually rectify.

You know - some joined up thinking. For a change.
 
D

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That's not really relevant to the discussion - which you'd have noticed, if you weren't a total gobsh1te.
I think it is - if experienced and specialist staff won't leave London, then that poses a real problem and they may just have to be left there for a "transition period". A bit like our decentralization!
 

Strawberry

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I think it is - if experienced and specialist staff won't leave London, then that poses a real problem and they may just have to be left there for a "transition period". A bit like our decentralization!
The EMA and EBA will not be left in London for a transition period - they're leaving, whether the staff like it or not.
 

robut

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In a way I very much hope both of these reports are true, and that the loss of both provokes a much warranted degree of analysis to determine why this was so, what is to done to rectify it, and then actually rectify.

You know - some joined up thinking. For a change.
I love your optimism in this regard :D

But those in power politically etc are well looked after financially now ( with big pay increases on way via recent budget - Leo due €21000 increase over next 3 years ) and into the future via massive gold plated guaranteed pensions.

SO, genuinely, why should they care .. its human nature, where is the incentive? No performance related renumeration, no consequences if they fck up?
 

wombat

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Yip .. and recent reports have been in media of skilled talent opting for & leaving to Lisbon & Berlin vs Dublin due to high rents, no property availability, cost of living too high?
I take these reports with a grain of salt. Why would anyone work other than in their home town unless they had an incentive. Why would anyone leave California for Dublin? You can be sure that key personnel are offered attractive packages.
 

Deadlock

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I love your optimism in this regard :D

But those in power politically etc are well looked after financially now ( with big pay increases on way via recent budget - Leo due €21000 increase over next 3 years ) and into the future via massive pensions. SO why should they care, where is the incentive? No performance related renumeration, no consequences if they fck up?
Yep - hope springs eternal!

As you say there isn't a financial consequences. However, there should, and ought to be, electoral ones.
 

robut

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I take these reports with a grain of salt. Why would anyone work other than in their home town unless they had an incentive. Why would anyone leave California for Dublin? You can be sure that key personnel are offered attractive packages.
See my post with one of those links top of this page .. dont shoot the messenger :D
 


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