Saturday 18 November 2017

No vote will put us 'back in eye of storm' -- Gilmore

Fionnan Sheahan and Lise Hand

Tanaiste Eamon Gilmore yesterday warned a No vote in the EU fiscal treaty referendum would put the country "back in the eye of the storm".

Mr Gilmore said passing the treaty referendum was essential for economic recovery -- and there were consequences to voting against it.

"Let's be clear about it -- if the Stability Treaty is defeated, it won't be business as usual.

"First of all it will have a huge impact in undermining investor confidence in this country and of course it will also cut off access to emergency funding if we were to need it," he said.

Launching the Labour Party campaign, Mr Gilmore said to say No to the treaty would be to move backwards.

"It would be a vote for more austerity, not less. Member states have increased the size of the combined EFSF and ESM firewalls to €700bn," he said.

Irish Independent

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