Vote Yes tomorrow, we arePosted May 30th, 2012
Tomorrow we will be asked to vote on the Stability Treaty.
It’s called the ‘Stability Treaty’ because that is exactly what it is. That may sound boring, but stability is what we need right now while we move to correct our fiscal position and get the various parts of the economy moving and growing again.
This isn’t an easy task, but thankfully it’s not one we are facing alone. And while the Stability Treaty is not the answer in itself, I do believe it is part of a greater solution to our problems.
The Stability Treaty is actually very basic when you break it down. It requires us to bring in responsible national budgeting. In return, we gain access to European lending at cost price.
I see this as a win-win for Ireland because we need both of these things. This is why voting Yes will keep us on a stable path while we address the bigger issues that still challenge our economy.
The Treaty has nothing to do with bank debt, membership of the Euro or household charges. Every week the state borrows more than €300 million just to fund the running of the country day to day. The Stability Treaty will help us manage this temporary position and ensure that we never find ourselves with such a difficult burden again.
We do not know what will happen if we vote No. But I think it’s logical to assume that a rejection of responsible budgeting and cheaper loans will certainly not put us in a better position than we are in now. Whereas voting Yes keeps us on a stable track while dealing with our outstanding problems in a fair way.
The referendum is happening on Thursday 31st May. We have a decision to make and now is the time to make it. I am voting ‘Yes’ to the Stability Treaty.