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Gilmore urges voters to back treaty to 'ensure investment and jobs'

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Tanaiste and Labour Party leader Eamon Gilmore pictured during his Key Note address to the Labour Centenary Conference. Photo: Frank Mc Grath

Tanaiste and Labour Party leader Eamon Gilmore pictured during his Key Note address to the Labour Centenary Conference. Photo: Frank Mc Grath

Tanaiste and Labour Party leader Eamon Gilmore pictured during his Key Note address to the Labour Centenary Conference. Photo: Frank Mc Grath

TANAISTE Eamon Gilmore called on voters yesterday to back the EU fiscal treaty to safeguard the "money in our pockets".

He repeatedly emphasised the importance of passing the treaty to put an end to fears over the future of the euro currency -- in a sign of the Yes campaign's key strategy for the May 31 referendum.

"Everybody understands how important it is that the euro in our pay packet is solid and sound and stable, and that it's not subject to the kind of uncertainty we saw last year," he said.

At the Oireachtas sub-committee on the treaty yesterday, Mr Gilmore went on to say that the "big question" he was repeatedly asked by foreign investors interested in Ireland was about the future of the euro.

"Getting stability for the euro is absolutely essential if we are going to land the investment decisions that ensure jobs are created," he said.

The fiscal treaty will give eurozone countries greater supervision of each other's finances. And the state will be unable to get another bailout from the newly created €500bn fund unless it passes the treaty.

As Foreign Affairs Minister, Mr Gilmore is responsible for the Government's campaign for a Yes vote. He confirmed that a copy of the fiscal treaty and a short explanatory document would be posted to every household to ensure they had the most accurate information.

Mr Gilmore was speaking as key officials from the IMF-EU-ECB team arrived at the Department of Finance to begin their sixth quarterly assessment of our bailout programme.

European deputy director Ajai Chopra, European Commission economic director Istvan Szekely and ECB chief economist Klaus Masuch were among the officials in Dublin.

But the European Commission confirmed yesterday that the team will not be meeting opposition parties or the media during their visit this week.

Meanwhile, Independent Donegal South West TD Thomas Pringle confirmed yesterday that he had lodged papers in the High Court seeking a judicial review of the fiscal treaty and the treaty to set up the new bailout fund.

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