asked the Minister for Finance if Ireland is seeking an exemption on capital movements under the proposals for the internal market in the EC by 1992.
Written Answers. - Movement of Capital.
38.
A Directive recently agreed by Community Finance Ministers provides for the complete freedom of movement of capital between the member states of the Community. Ireland is required to comply in full with the terms of this Directive by the end of 1992 at the latest and it is our intention to meet this obligation. This requirement will necessitate the removal of existing exchange controls on the movement of capital between Ireland and other member states.