Thursday 23 November 2017

Joan Burton: 'Why would anybody urge voters to say No to a €700bn safety net?'

YES says Joan Burton because a positive outcome will promote stability in the Irish economy and enhance a stable euro

Joan Burton

ABOUT 20 years ago, I attended the launch of pharmaceutical company Covidien in my own constituency of Blanchardstown in Dublin. It was the early Nineties and Ireland was about to emerge from a very difficult period when our debts had soared well over the 100 per cent of GDP.

But with the help of sound financial management, EU structural funds, access to European markets, strong growth in the economy and a little inflation, our debt levels began to fall as the economy recovered.

I say this because sometimes when you are sailing in stormy seas, it is hard to imagine that calmer waters lie ahead. But countries can, and do, emerge from periods of financial difficulty.

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