EU Treaty will help ensure economic recovery continues – Deering

28th February, 2012

Carlow Fine Gael TD, Pat Deering, has today (Tuesday) said that ratifying the European Stability Treaty through a referendum will help to ensure Ireland continues on the road to economic recovery. Deputy Deering was speaking from Leinster House after the Government confirmed that a referendum will be held, following todays advice from the Attorney General.

“The Irish people will be asked to ratify the European Stability Treaty through a referendum later this year. By doing so, we will be sending out a clear message that Ireland is determined to continue on the road to economic recovery.

“We have made considerable progress over the last year, with a major improvement in international confidence in the Irish economy, as well as the €10b savings already negotiated. We now need to build on this progress by implementing a set of rules that will help to stabilise the Eurozone and ensure the mistakes of the past will never be allowed to happen again.

“Saying ‘yes’ to this treaty is a key step to full economic recovery. We have restructured the banking sector and re-negotiated the EU/IMF deal. The Government has developed a comprehensive jobs strategy which tackles the issues facing both the domestic and export sectors. This approach, and the improvement in sentiment to Ireland since this Government took office one year ago, is already bearing fruit, with thousands of jobs announced in the last ten days alone.

“Ireland has benefitted hugely by being at the heart of Europe and the Eurozone. The Treaty gives the Irish people the opportunity to reinforce their commitment to remaining an integral part of the single currency. This is about economic recovery and stability. Before any discussions had begun on the Treaty, the Government was committed to enacting stronger fiscal rules to ensure our domestic deficit is never allowed to spiral out of control again.