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Ireland Supports EU Reforms Amid Relocation Concerns

2/12/2026

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Story summary
  • Taoiseach Micheál Martin said at EU leaders' retreat in Belgium that Ireland has nothing to fear from proposed financial reforms.
  • Micheál Martin emphasized support for a more competitive Europe and deeper savings and investment union that could benefit Ireland.
  • He cautioned financial firms could relocate to Paris if the European Securities and Markets Authority gains power.
  • Martin warned against protectionism and urged trade as the EU negotiates with India.