Brexit uncertainty and negotiations
Senators urge the Government to press Britain to invoke Article 50 and advance Brexit negotiations, despite accepting the referendum result.
I also wish to refer to the debate on Brexit yesterday. There is a lot of insecurity and instability at present. While we, as democrats, accept the decision made by the United Kingdom, I cannot accept that it is now holding the Irish, UK and world economies to ransom by kicking to touch a decision for a minimum of three to four months. The Leader needs to put pressure on the Taoiseach and the Ministers who will be in attendance in Europe in the coming weeks to move the process forward. Europe is now saying it will not discuss the exit details until the British invoke Article 50. Markets react to instability and will always err on the side of caution in their own interests. As has been said before, the biggest problem facing various businesses, in particular agribusiness, is the sterling exchange rate. Our exporters are suffering terribly. While insecurity and instability remain ongoing, the markets will control the sterling exchange rate. This influences people's pensions and our exports. We cannot stand on the sidelines and watch Europe and the UK kick the decision down the line. The UK is looking for three months to sort out its political affairs. Our biggest loss will take place during that period. Once the exit details are being negotiated, who knows what will happen. We are in the EU and can be part of the negotiations. Things may not be as bad as certain people have painted them. The one thing that is sure and certain is that while insecurity and instability continues for three or four months we will suffer in terms of our exports, agribusiness and as a community in general terms of the fluctuation of sterling. The situation will not stabilise while there is insecurity.
I accept the decision of the people of the UK. It was a democratic decision. I do not and cannot accept that once they made the decision, they cannot enact it and are entitled to postpone it for three months in order to get party political leadership in order. This is happening at the expense of the Irish, European and world economies. The Leader must put pressure on our representatives in Europe to try to move the process forward and eliminate the current instability.
Comment on this
I join other Senators in condemning the awful massacre in Istanbul Atatürk Airport. It happened during Ramadan, which is a period of prayer, fasting, religious devotion and charity. It belies the contention that ISIS is an Islamic or Muslim organisation. It is antithetical to Islam and that should go on the record of the House. It does not represent Islam or Muslim countries.
Brexit has happened and is causing major turmoil around the world, including on the island of Ireland, in the UK and across Europe. I am angry that people have decided to leave Europe, but they did not think of the Republic of Ireland, Northern Ireland - which comprise the island of Ireland - Scotland or Europe. The vote has major implications. The British-Irish Parliamentary Assembly will meet in Malahide on Sunday. This is a plenary session that happens every six months and the most recent meeting was held in the UK. It brings MPs, Deputies, Senators and many others from Scotland and Wales together. There will be a very interesting discussion at the assembly which meets from Sunday until Tuesday. I look forward to making contributions.
One aspect of the assembly is British-Irish friendship. We are dealing with a century of Irish independence and the peace settlement in Northern Ireland. We are forgetting that we now have to consider Scotland and ensure that a deal is done to ensure it remains in the EU. The people of Scotland are reaching out because they feel left out by the UK. We must work to ensure that whatever happens will be in the interests of Ireland and countries such as Scotland.
David Cameron is gone and the head of the Labour Party is almost gone. These matters are making fifth page headlines. The Minister for Foreign Affairs and Trade, Deputy Flanagan, is visiting Northern Ireland today. I welcome the latter because we need to keep the lines of communication open during what is a very difficult and dangerous time for our country and for Europe.