Ireland to get €1bn of EU Brexit fund as worst-affected country

Finance Minister welcomes large allocation of reserve to combat the adverse and disproportionate impact of Brexit on Ireland

Paschal Donohoe, the Minister for Finance, said Ireland will ‘work closely with our fellow member states and with the European Parliament to negotiate agreement on the reserve as quickly as possible’. Picture:

Minister for Finance Paschal Donohoe has welcomed the announcement that Ireland is to receive €1 billion from the European Union’s Brexit fund, saying our economy is the worst affected in the bloc.

The €5.4 billion Brexit Adjustment Reserve Fund was established to help member states most affected by Britain’s departure from the EU.

Donohoe said of the deal which would give Ireland the largest allocation in the bloc: “This agreement must reflect the challenges we ...