Fine Gael Meath East TD, Regina Doherty, has today (Wednesday) accused Sinn Féin of continuing to talk absolute rubbish about where we could get funding to run the country in the future if we vote No to the Stability Treaty. Deputy Doherty was responding to claims from Sinn Féin’s Mary Lou McDonald that Ireland would be able to access the ESM, even if we reject the Treaty.
“I was left flabbergasted this morning when I heard Mary Lou say that if we vote No Ireland would still be given funding from the ESM, Europe’s new bailout fund, should we ever need it. I am beginning to wonder if Sinn Féin actually believes the myths they are pedalling.
“Let’s look at the facts here; voting Yes is the only way to ensure access to the ESM, which will act as an important insurance policy for Ireland. The certainty and stability brought about by having access to the ESM will not only be good for jobs growth, it will ease our entry back into the money markets.
“It is clearly stated, in black and white in the Treaty document, that only countries that ratify the Stability Treaty will have access to the ESM. Those countries that choose not to ratify the Treaty – which Sinn Féin is advocating – will not have access to this important source of funding. It’s that simple.
“Sinn Féin wants this country to take a leap into the unknown. They want us to take a massive risk, a gamble, and hope it works out for the best.
“Instead of uncertainty and risk, I believe we should vote for certainty and stability. A Yes vote will be good for investor confidence, which is so essential for jobs growth. It will ensure governments across Europe sign up to sensible budget rules, to prevent the mistakes of the past from being repeated. And it will provide access to the ESM.
“It’s about time Sinn Féin started talking honestly in the best interests of this country, instead of engaging in reckless and irresponsible rhetoric.”