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Brexit: One Under-appreciated Upside for Ireland, Economic Policy Leader Says

Video Credit: The Street - Duration: 03:23s - Published < > Embed
Brexit: One Under-appreciated Upside for Ireland, Economic Policy Leader Says

Brexit: One Under-appreciated Upside for Ireland, Economic Policy Leader Says

Prime Minister Theresa May has spent the better part of two years attempting to negotiate a deal to take Britain out of the European Union that will appeal to both her moderate Conservative Party colleagues and the small, but vocal, cadre of lawmakers who wish to pull the U.K. out of the bloc without a bespoke trade deal.

Her attempts, however, have failed to soothe the concerns of either - let alone those of her political rivals - and as such she faces the spectre of yet another parliamentary defeat Tuesday that could both end her term as Prime Minister and raise even more concern for Britain's post-Brexit future.

We spoke with the CEO of IDA Ireland, Martin Shanahan, to get his perspective on both today's vote and the near-terms risk for both his home nation and the broader European economy.

"We believe Brexit is not good for anyone.

It's not good for the UK, it's not good for Ireland and it's not good for the European Union," said Shanahan.

"And undoubtedly Brexit will have an impact on our economy.

And on the other hand, we are seeing inward investment as a direct result of a Brexit.

" Watch your full interview above.

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