Tuesday, February 28, 2012

EU Treaty will help ensure economic recovery continues

Fine Gael Meath East TD, Regina Doherty, 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 Doherty was speaking after the Government confirmed that a referendum will be held, following 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. 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.
“Ratifying the 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 the Government took office, is already bearing fruit, with thousands of jobs announced in recent weeks.

“Ireland has benefitted hugely by being a small, open economy, at the heart of 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.

“The Government is taking the right steps to return our economy to a sustainable level of growth. Ratifying the European Stability Treaty will ensure this progress is not put in jeopardy.”

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