Friday, May 11, 2012

A Yes vote will help keep Meath on the road to recovery

Fine Gael Meath East TD, Regina Doherty, has today (Friday) said that a Yes vote in the Stability Treaty Referendum will help keep Meath on the road to recovery, by bringing about the certainty needed for jobs growth.

“As someone who has worked in the private sector for most of my career, I understand the need for certainty. International job creating investors thinking about coming here also crave certainty. They want to know that Ireland is moving forward on the road to recovery. We can give this to them by voting Yes in the Stability Treaty Referendum

“We’ve seen the benefit of Foreign Direct Investment in recent months in the North East, with the announcement from PayPal that it is creating 1,000 jobs in Dundalk, and a series of high profile announcements in Dublin from companies like Cisco, Amgen, Mylan, Mastercard and Sky. If we want to continue to attract this kind of inward investment, we need to send out a message of stability and certainty by voting Yes on May 31st.

“There are a number of positive reasons to vote in favour of the Stability Treaty. Firstly, it will give Irish and global companies the confidence they need to invest here and create jobs. The Treaty will also ensure governments stick to sensible budget rules, to avoid the reckless mistakes of the past from being made again. “And crucially, voting Yes to the Stability Treaty ensures we will have access to the ESM, Europe’s new bailout fund, should we ever need it.

Despite what Sinn Féin and others may claim, this is set out in black and white in the Treaty document; if we reject the Treaty, we will be cut off from these funds. “We need to borrow about €19 billion to run the country in 2014, after our current funding runs out.

Those opposing the Treaty cannot explain where we would get this money from if we block ourselves off from the ESM. “It’s also important to make clear what the Treaty does not do. It has absolutely no impact on our corporation tax rate; in fact the word tax does not feature at all in the Treaty document.

It does not threaten our sovereignty; decisions about Ireland and our finances will continue to be made by our government. “The Stability Treaty won’t solve all of our problems overnight. We still have a lot of work to do, and the Treaty will help us get there.”

No comments: