Essay Example on The public don't always take referenda very Seriously

The public don't always take referenda very seriously or think about the consequences Enda Kenny to David Cameron Connelly 2017 13 On the 23rd June 2016 the United Kingdom UK voted to leave the European Union EU a decision many thought couldn't happen for sanity reasons and the level of unknowns it presented The decision by the British public has implications for all of Europe none more so than Ireland This essay will begin to unravel this decision in relation to the Irish economy Coming out of a decade long recession Ireland simply can t take the hit with the level of National debt possessed and when our recovery depended on both Ireland and the UK being in the EU single market according to Connelly 2017 Following almost a decade long recession the Irish economy has recovered well albeit not completely unscathed Ireland was recently announced as 8th best performing economy moving into 2018 World Economic Forum 2018 The report attributes success and growth in Ireland s strong performance in Growth and Development which includes overall GDP employment and healthy life expectancy Ireland also performs above average on Intergenerational Equity and Sustainability driven by relatively low carbon emissions strong human capital investment and low levels of environmental damage 

The relationship between the UK and Ireland in the EU goes beyond a single market relationship and into a membership decision making level On a number of issues the UK and Ireland have a consensus opinion which has formed a voting block Without the large influence of the UK in European Union votes Ireland may lose out This reared it head on 31st August 2016 when Ireland's relationship with the European Union was thrown into the spotlight with the announcement that Apple had benefited on a tax deal to the sum of 13 billion explores Connelly 2017 Ireland and the UK were extremely close on key issues involving the single market and taxation the exposure of the Apple deal left many in Brussels turning a headlight on Ireland Corporate taxation rate and level of multinational Headquarters This also left Britain rubbing its hand together with a clear example of the control that EU is trying to have over individual sovereign nation s governments control According to Cooney 2007 throughout history the two key features of Ireland's industrial development were the significance on Foreign Direct Investment FDI and secondly the high exports ratio among foreign owned companies in Ireland The European Union is shining a light on the foundation of the Irish economy and Ireland no longer has its British counterpart or its voting block