Ireland To Hold Referendum On EU Treaty

Ireland is to hold a referendum on whether to accept the European fiscal treaty which tightens controls on member states’ budgetary decisions.

Taoiseach Enda Kenny said he was confident the public will vote in favour of ratifying the contentious compact.

“I believe it is in Ireland’s national interest that this treaty be approved,” said Mr Kenny.

The Taoiseach, who announced plans for the referendum in the Dail, said that adopting the fiscal compact would be vital for Ireland’s economic recovery and job creation.

A decision to hold a referendum was taken on advice from Attorney General Maire Whelan.

The treaty, agreed by 25 of the 27 European Union states after Britain and the Czech Republic refused support, must be ratified by January 2013.

It is designed to prevent a repeat of the Greek debt crisis and protect against the potential collapse of the euro currency.

Full article: Ireland To Hold Referendum On EU Treaty (Yahoo!)