Over 3 million eligible Irish voters will get to be heard tomorrow as they vote in the Lisbon Treaty referendum. The vote will be counted on Saturday. Once the dominant growth economy in Europe, the Celtic tiger is barely purring like a kitten. High unemployment (13.5%), financial institutions on their knees and a construction industry gone bust may push the electorate psyche to ratify the treaty this time around. ‘A strong Yes vote will send a powerful message internationally that Ireland remains at the heart of Europe’. According to Fine Gael leader Enda Kenny ‘the treaty would reform EU institutions to cater for a population of 500 million in 27 states, and to prepare Europe for the many challenges it faces, including the growing economic power of nations like China, Russia and India’. A No vote should put the EUR under renewed pressure.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
Dean Popplewell
Latest posts by Dean Popplewell (see all)
- Euro zone bond yields sink as German manufacturing slows - 07/24/2019
- How Boris Johnson Plans to Deliver Brexit in 100 Days - 07/24/2019
- Weak PMI’s Sink EUR - 07/24/2019