The Irish referendum on the new fiscal treaty is not about Ireland’s membership in the Eurozone. Rather, it is a vote for or against permanent austerity in Ireland. After the release of the new Fiscal Treaty, Angela Merkel said “The debt brakes will be binding forever. Never will you be able to change them through a parliamentary majority”. She has elsewhere spoken of the new fiscal rules as having “eternal validity”.
The Irish public showed a muted reaction to Tuesday’s announcement that they will be heading to the polls to vote on the EU fiscal compact treaty, which would pass more control on eurozone countries’ budget decisions to the European... Read Post
IRELAND’S POTENTIAL REFERENDUM on whether to ratify last week’s European financial treaty will be tantamount to a vote on whether Ireland wishes to remain in the eurozone, finance minister Michael Noonan has said. The minister for f... Read Post