Friday 19 January 2018

Debt anchor

• And so it begins, the fallout from the fear-laden Yes vote gifted to most of our politicians by the Irish people last Thursday.

During the campaign, Declan Ganley rightly brought up the resoundingly Irish issue of bank debt versus sovereign debt, and how the treaty ignores the former. He asked for some addendum to be added regarding them and for the postponement of the vote until that could be accommodated/amended.

To answer this, the Yes side said there would be no additions to the treaty nor would we wait for one before holding the referendum, but that a campaign of pursuance of debt reduction would be pursued in Brussels after a Yes vote.

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