Why Brexit will be bad for Ireland

EPA/JULIEN WARNAND

Irish Finance Minister Michael Noonan at the start of the Eurogroup finance ministers meeting at the European Convention Center in Luxembourg.

Why Brexit will be bad for Ireland


Ireland, Malta, Belgium, the Netherlands, Cyprus and Luxembourg are the most exposed countries to Brexit, according to Fitch Ratings. But Ireland, where total goods and services exports to the UK equal 17% of the country’s GDP, will probably suffer the most.

The UK vote to leave the European Union is raising risks to Ireland’s growth and creating uncertainty around future relations with Northern Ireland. While Fitch Ratings ruled out any “immediate implications” for Ireland’s sovereign rating...


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