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Quarter of Irish would accept pay cut to secure euro future


Euro currencies

Euro currencies

Euro currencies

MORE than one in four Irish people are willing to accept cuts in pay, pensions or welfare payments in order to secure the future of the euro, a new opinion poll has found.

The poll, carried out by Red C, reveals that those in higher social classes are more willing to accept cuts for the sake of the single currency.

Some 69pc of those polled said they would not be willing to take a hit to their salaries, pensions or social welfare provisions if required to do in the interests of the euro.

The poll shows that more one in four, or 27pc, would accept cuts it meant the euro would survive.

The poll was commissioned by the EU Democrats organisation on behalf of the People's Movement Group in Ireland.

Over 1,000 people were asked about their views of the euro currency during the week of Ireland's exit from the bailout.

According to the poll,  two thirds of the public are unaware of future changes in EU law which will see Ireland lose a share of its vote in the European Council.

President of the EU Democrats, former MEP Patricia McKenna, said it is a concern that such a large majority are not aware of significant changes introduced by the Lisbon Treaty.

She said that changes to the voting system in the European Council will see Ireland's vote cut to less than 1pc in November of next year.

This is  in contrast to other countries such as Germany, which will see its vote double to 16pc.

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