Sunday 25 February 2018

Jody Corcoran: Team Ireland counting on Noonan's game skills

The outcome of talks on the issue of promissory notes will define the success or failure of this country, writes Jody Corcoran

Minister for
Finance, Michael Noonan
Minister for Finance, Michael Noonan

OF COURSE there is not going to be a referendum on the new fiscal compact. The last person to suggest that the people be asked what they think was the prime minister of Greece. And we all know what happened to George Papandreou.

He was summoned to meet Angela Merkel and Nicolas Sarkozy. Within 10 days of his referendum announcement, on the acceptance of the terms of a eurozone bailout deal, he was gone, replaced by a technocrat prime minister.

That is not to say that the Government should not threaten to hold a referendum on the new compact. Of course it should, and here is why...

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