Tuesday 12 December 2017

Scare tactics will backfire on Yes campaign

Finance Minister Michael Noonan's warning yesterday -- that a No vote in the fiscal treaty referendum would force him to introduce a far tougher budget next December than if the treaty were passed -- is already looking like an ill-advised piece of scaremongering that has the potential to inflict further damage on an already faltering Yes campaign.

When this newspaper put questions to Mr Noonan seeking to ascertain what would be the specific effects of a No vote that would necessitate a tougher budget next December, he replied with vague generalities.

These included the impact of a No vote on Ireland's attractiveness as a location for international investment, the boost a Yes vote would provide to economic confidence at home and abroad, and the fact that a Yes vote would secure Ireland access to ESM funding in the event of our requiring a second bailout.

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