Future of the euro again thrown into doubt after Irish announce referendum on new EU cash rules

By
Jason Groves

Last updated at 4:40 AM on 29th February 2012

EU leaders did not want any member country to hold a vote on the new measures

EU leaders did not want any member country to hold a vote on the new measures

Efforts to prop up the euro were again thrown into doubt last night after Ireland announced plans for a referendum on whether to accept new European spending rules.

Taoiseach Enda Kenny announced the decision following legal advice that a referendum was likely to be needed under Ireland’s constitution. No date has been set for the poll.

Public anger over austerity measures is running high in Ireland and many observers were last night predicting a ‘No’ vote. That would not prevent the strict budget controls coming into force, but would leave Ireland  unable to access future EU bailouts.

The move will dismay European leaders, who had been desperate to avoid a public vote in any of the 25 countries that have agreed to the contentious ‘fiscal compact’.

Despite the announcement, Mr Kenny is expected to join other European leaders in Brussels on Friday to sign the new treaty.

Downing Street declined to comment in detail last night, but said the referendum was ‘not a great surprise’. 

The Prime Minister’s spokesman said: ‘We
have always known that those countries in the Eurozone who would be
bound by the new fiscal rules would be pooling economic sovereignty to
some extent.

Taoiseach Enda Kenny announced the move following legal advice

Taoiseach Enda Kenny announced the move following legal advice

‘The possibility of a referendum in Ireland has been talked about so I don’t think it is a great surprise.’

Britain is not signing up to the new deal after David Cameron vetoed an
agreement at EU level in December because of fears about its impact on
the City. However, the Prime Minister later dropped his opposition to
plans for the European Commission and European Court of Justice to
police the new deal.

Tory MP Douglas Carswell last night said the Irish referendum showed the deal was going ahead despite Mr Cameron’s veto.

Mr Carswell said: ‘I am pleased that democracy is alive and well in at
least one part of the EU. But it does raise questions for the
Government, which first of all said the treaty did not represent a
significant change and then said it had vetoed it.

‘The fact that EU leaders are going ahead and signing it on Friday is
just further evidence of the contempt they have for their own people.’

Ireland has twice rejected plans for EU reform in referendums, only for
the votes to be overturned under intense pressure from Brussels.

Eurosceptics in Ireland are expected to use the latest referendum to
highlight Ireland’s dire economic problems, which have required a £70
billion bailout from the EU and International Monetary Fund.

Here’s what other readers have said. Why not add your thoughts,
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The comments below have been moderated in advance.

They will need more than one referendum for the EU to get the result it wants.

‘pooling economic sovereignty to some extent’
———————————————————————————————————–
Weasel words from a PM’s spokesman. Giving away their rights of self determination and to democratic control over the EU’s executive arm, the Commission, more like.
Also I note that the Irish referendum will only affect Irish access to future EU bailouts, not the power of the anti democratic EU to run roughshod over their national parliament. Nice one Merkozy.

The New World Order in the guise of the EU is happening. We are increasingly turning into a Dictatorship, and we are letting it happen. Why did our country fight for freedom in two world wars,only to be left still in a Dictatorship?

Fair play to Ireland, we live in a democracy, when will the non elected Euro leaders accept this?

Public anger running high-under Constitution they legally need a vote?
If that is the case where is our vote? If we aren’t entitled to one then perhaps it’s time to seriously look at change- was Guy Folks not predicted in Nostridamous…

‘The move will dismay European leaders’. Good! Go for it Ireland! Show the courage to stand up to these faceless bullies and then the British will realise they can do the same on other issues (human rights, extradition, interfering with the courts etc.). Hopefully leading to the UK getting out altogether.

I don’t get this ! Haven’t they yet been told they have to vote yes for their vote to count ?

Future of the euro again thrown into doubt after Irish announce referendum on new EU cash rules
By Jason Groves……………………………The future of the Euro is not thrown into doubt, the Euro and the EU has no future. It’s just the MPs that can’t see it or won’t admit it.

Come on Ireland – start the cracks in this EUSSR, because our spineless politicians won’t!

Well, the financial crisis was caused by bankers and politicians and yet those paying the price are the ordinary men and women in the street. The public has a right to be angry and to protest against the greed driven and the incompetent who have hit people’s living standards while they themselves stil enjoy a pampered, privileged lifestyle.

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