Monday, May 7, 2012

Another reason to vote Yes

Francois Hollande

Socialist Francois Hollande has become the latest president of the Fifth French Republic. Much has been made of his apparent attitude to the EU Fiscal Treaty, about which we in Ireland will have a referendum vote at the end of this month. 

At this stage it is impossible to know how much of M. Hollande’s words represented electioneering rhetoric and how much will result in solid changes to the treaty, but there is reason to believe that, while the austerity aspects of the treaty will not change, they might now be accompanied by measures aimed at stimulating the economy of Europe.

This represents just one more reason for Ireland to vote Yes in the referendum. It was always a good idea to confirm our position as members in good standing of both the EU and the Euro zone, and voting Yes is the means to achieve that under current circumstances. Now we have an added incentive – as members that are fully committed to fiscal responsibility, which is what the treaty is about, we can take full advantage of whatever economic stimulus is brought into being by the influence of France under its new leadership.

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