Will local shops in towns like Letterkenny suffer from a BREXIT.
Donegal has woken to an era of uncertainty as Britain has voted to quit the European Union.
Sterling has plunged by 10% overnight as border counties like Donegal with many local traders worried that shoppers will now travel to shop across the border.
Business people across Donegal this week said an exit by Britain would spell disaster for trade with our neighbouring counties and Britain.
Earlier this week Sinn Fein’s Padraig Mac Lochlainn said a BREXIT could put many cross-border projects such as the new cancer unit at Altnagelvin Hospital under threat.
British Prime Minister David Cameron has quit as a result of the vote.
Taoiseach Enda Kenny is to speak later this morning, following a Cabinet meeting, about what the outcome means for Ireland.
In a brief statement, the Government said: “The Government notes the outcome of the UK EU referendum this morning.
“This result clearly has very significant implications for Ireland, as well as for Britain and for the European Union.
“The Government will meet later this morning to reflect on the result. Following that meeting, the Taoiseach will make a public statement.”
The Brexit result must now prompt a poll on Irish unity, Sinn Fein has demanded.
The Republican party claimed the referendum will have “massive ramifications on the nature of the British state”.
A majority of voters in Northern Ireland and Scotland voted to remain.
It is highly unlikely the common travel area along the Border between North and South, will change.
But traders say the result will be a ‘disaster’ for the retail trade along the Border as it will play havoc with euro/sterling exchange rates, making it more favourable for customers from the Republic to shop up North.
