Finance Minister Paschal Donohoe says 'imagination' needed for Brexit deal

The transcript discusses the potential impact of a no-deal Brexit on the Irish economy, emphasizing the need for political energy and imagination to reach an agreement. It highlights the challenges acknowledged by Michel Barnier and the importance of the EU budget negotiations, with Ireland playing a significant role. The discussion also explores new funding methods for the EU, including the MFF and recovery fund.

What are the two main challenges facing the Irish economy as discussed in the first section?

• COVID-19 and rising inflation

• A no-deal Brexit and COVID-19

• Rising inflation and climate change

• A no-deal Brexit and climate change

What does Michel Barnier acknowledge about the current situation in the second section?

• The challenges are minimal

• The challenges are considerable

• The challenges are easily solvable

• The challenges are non-existent

What is the significance of the tariff schedule mentioned in the second section?

• It indicates the challenges in negotiations

• It highlights the benefits of Brexit

• It outlines the new trade deals

• It shows the ease of reaching an agreement

What is Ireland's new role in the EU budget negotiations as discussed in the third section?

• A minor contributor

• A non-contributor

• A neutral observer

• A significant contributor

What does the third section suggest about the EU's approach to funding?

• Cutting all funding

• Exploring new funding methods

• Relying solely on existing resources

• Increasing taxes significantly