Monday, 16 April 2012

Gilmore says fiscal stability treaty is ‘critical’ for future of the euro


LABOUR PARTY LEADER Eamon Gilmore has said today that passing the fiscal stability treaty is “essential” to the future of the euro and – therefore – the future of investment in Ireland.

Speaking on RTÉ’s News at One programme, Gilmore said that one of the greatest difficulties currently faced by Ireland relates to the uncertainty of the euro, which has made securing investment from abroad difficult.

He said that supporting the treaty was not the only way of securing Ireland’s economic stability, but that it was nevertheless an “essential” step.

Questions surrounding the future of the single currency were damaging prospects of investment for Ireland more than questions about the Irish economy itself, he said, adding that the treaty would serve to establish regulations which were decided upon when the euro was first conceived.

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