Sinn Fein's likely ambition to reunify Ireland, and the possible societal, political and economic ramifications of that, could be a risk to the country's economy.
Sinn Fein's likely ambition to reunify Ireland, and the possible societal, political and economic ramifications of that could be a risk to the country's economy, according to an economist.
Capital Economics' Senior Europe Economist Jack Allen-Reynolds said Monday that Ireland's general election result "does not change our view on the near-term outlook for the economy, which should maintain a decent pace this year and next." "SF has said that it would only join a coalition if other parties agreed to hold a referendum on Irish unity. FF is also pro-unification, but is more cautious on holding a vote. If unification ever took place, it could put a huge strain on Ireland's public finances," he said.
Prime Minister Leo Varadkar's Fine Gael party, meanwhile, won 35 seats and the Green Party 12 seats. The results set up what's likely to be challenging and difficult negotiations to form a coalition government. , a region that has seen growth slow in the last year amid global trade uncertainty and despite continuing European Central Bank stimulus.
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