WASHINGTON, Oct 17 (Reuters) – a Brexit Deal struck by Britain and the rest of the European Union will minimize the significant short-term impact of Brexit on the Irish and Northern Ireland economies, Irish Finance Minister Paschal Donohoe said on Thursday.

“There is no form of Brexit that is as good as the United Kingdom’s decision to stay in the European Union, but we respect the views of the British people,” Donohoe told reporters.

“I believe that this deal, if ratified and put in place, will minimise many of the short-term consequences for the Irish economy and for the all-Ireland economy.”

The long-term consequences of Brexit for Ireland will only be clear once the future trade relationship between the UK and the EU is worked out, he said.

Donohue spoke before a speech at the Brookings institution think tank in Washington, where he attended meetings of the International monetary Fund.

Earlier on Thursday, Northern Ireland’s Democratic Unionist Party said it could not support the Brexit deal struck by Prime Minister Boris Johnson and the EU, putting it in jeopardy. (Reporting By Jan Strupczewski Writing By William Schomberg)

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