ML-Implode News - Ireland Hits Brexit Alarm in Biggest Foreign Crisis in 50 Years

``The intertwining of trade and finance means no other country is feeling the fallout from the U.K.'s vote to leave the European Union more than Ireland. In the year the Irish marked the centenary of their uprising against British rule, the country remains at the mercy of the unfolding drama in its closest neighbor.
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Exporters have warned the plummeting pound will erode earnings and economic growth, just as a recovery had taken hold after the 2010 international bailout that followed the banking meltdown. Irish shares have declined, not least because the U.K. is the top destination for the country's exports after the U.S. and the biggest for its services.
Meantime, Prime Minister Enda Kenny is fending off demands by Northern Irish nationalists for a reunification poll as he comes to terms with the loss of a key EU ally and plotters from his own party try to topple him. Then there's the future of the U.K.'s only land border with the EU.
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Political fault lines between the north and south were exposed days after the vote when Northern Irish opposition forced Kenny to abandon the idea of creating an all-Ireland Brexit forum, a misstep that stoked demands from within his own party to set out a timetable for his departure.
... With about 40 percent of Irish food exports going to the U.K., agriculture is the area most exposed to Brexit and possible tariffs.
... The U.K.'s withdrawal from the EU could eat away one of Ireland's key advantages for overseas investors -- it's 12.5 percent corporate tax rate. A 15 percent rate in the U.K. has been mooted by the government to help offset the economic impact of Brexit.

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Ireland Hits Brexit Alarm in Biggest Foreign Crisis in 50 Years