• The Irish people are being asked once again to vote for a European treaty, ie, the fiscal compact. The main political parties, FG, Labour, and Fianna Fail, are arguing that a Yes vote will produce stability, jobs and growth.
The treaty is referred to as 'the Stability Treaty', but if we look across Europe at present, there is little sign of stability in any country.
The real fact is that Europe is in turmoil. Spain, Portugal and Britain are back in recession -- and the Spanish and Italian governments are paying unsustainable interest rates when they borrow in the bond markets.