Wednesday, 2 May 2012

Terrence McDonough on the Fiscal Treaty

IRELAND MAY well need a second bailout after 2013. And as treaties are currently worded, a No vote on the fiscal compact treaty will forbid us from accessing funds from the European Stability Mechanism (ESM).

It is claimed this situation will result in disaster, and that even if we believe the fiscal treaty is a serious mistake, we have a gun to our head. In fact, Ireland will have a number of options in this event.

Click here to read the rest of Terrence McDonough's opinion piece in today's Irish Times.


Paul Hunt said...

Prof. Philip Lane usefully highlighted key features of the "alternative economic model" underpinning this op-ed:

Elli D. said...

Thanks for posting this interesting link. I´m really waiting for the conclusion.

Paul Hunt said...

@Elli D,

The conclusion should be pretty obvious - or so it seems to me. Unless, of course, some people here believe Ireland should detach itself from existing treaties and throw its lot in with the Bolivarian Alliance.