Ireland opts for economic responsibility in fiscal compact vote

01/06/2012
Ireland votes yes

Commenting on the result of the Irish referendum on the new fiscal compact that showed a decisive win for the Yes camp, Sir Graham Watson MEP, President of the European Liberal Democrats said:

"I am glad to see that the Irish have decided to opt for economic responsibility."

"Although the fiscal compact is by no means perfect, it is in no way like Spielberg's Jaws nor like the Simpsons arch-capitalist Monty Burns as the No campaign tried to portray it."

"I applaud Fianna Fáil for its success in convincing Irish citizens of the need to vote YES to the fiscal compact or 'stability' treaty."

"Although the fiscal compact does not depend on an Irish Yes, an Irish opt-out would certainly have been a setback."

"Once again, as ELDR member parties have done in a number of European countries, Fianna Fail has put the national interest before short-term political gain and thrown its weight behind economic responsibility."


Micheal Martin, the leader of Irish ELDR member Fianna Fáil:

“The Treaty reinforces rules to stop budgets getting out of control. In return, countries will find it easier to raise money. This Treaty is not the answer to all our economic problems but it is an important step forward to restoring confidence, growth and creating jobs.”

“Ratifying the Stability Treaty is the only secure way for Ireland to access vital long-term funding for Ireland’s public services. By voting Yes, we have sent out the right signal about Ireland’s future in Europe to our export markets. We have boosted international confidence in Ireland’s economic future, thereby boosting Irish exports.”