Sunday 22 April 2018

Gilmore: Deferring referendum will put off investors

The Tanaiste, Eamon Gilmore, has said that the forthcoming referendum on the EU fiscal treaty should not be deferred as it would send out the wrong message to investors.

Speaking on RTE this morning, Mr Gilmore said “If we defer a decision we can expect that people who are thinking about investing in Ireland may defer their decision too.

“What we need to do is ensure that there is stability in the euro, which is one of the concerns of investors.

“Investors need to be sure that Ireland is not becoming in any way disconnected with the euro.

“And, of course, we need to have access to emergency funding if we should ever need it.”

Mr Gilmore was speaking in Paris following yesterday’s election of the Socialist Party’s Francois Hollande as the new French president.

Mr Hollande has said that he intends to rework the agreement to try to promote growth.

However, the Tanaiste said that Mr Hollande had made it clear that he supported the budgetary discipline measures contained in the treaty but that he, like the Irish government, wanted to have those measures coupled with a growth strategy for Europe.

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