Ireland to hold EU Fiscal Referendum

The Government is to put the revised European Union fiscal compact treaty to a referendum, the Taoiseach told the Dáil this afternoon.

Scheduled Dáil business was interrupted for the statement.

Enda Kenny told the House that the Attorney General’s advice at this morning’s Cabinet meeting was that “on balance” a referendum was required to ratify it.

The Taoiseach said that he intended to sign the treaty at the weekend with all the heads of the EU in Brussels.

In the coming weeks, he said the Government would finalise the arrangements and the process leading to the referendum, leading to the establishment of a referendum commission.

“I am very confident that when the importance and merit are communicated to the Irish people that they will endorse it emphatically by voting yes to continuing economic stability and recovery,” the Taoiseach said.

“In the end what this will come down to is a vote for economic growth and stability,” Tánaiste Eamon Gilmore said. “We now have an operation to go beyond the casino capitalism.”

Irish Times

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Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell