John Gilroy (Labour)

I welcome the referendum as a moment which is good for Irish democracy. This really is an iconic moment in our times which will define our future with Europe. We need to be careful about how we debate and the language we use around this referendum. Undoubtedly, in the period running up to the referendum there will be uncertainty in the markets, and internationally, about the state of Ireland and any hyperbole or misinformation put out, in this House or in the other Chamber, will feed into that and cause greater uncertainty. I appeal to people to make their arguments for or against this treaty - I will be robustly making the argument in favour of it - but let us keep the debate factual and honest. Senator Darragh O'Brien referred to the "No" group already putting up their posters. Last night on public radio prominent Sinn Féin spokespersons stated that there are no implications in the European stability mechanism for a "No" vote, which is factually wrong. I will not make the argument here for or against the treaty - I will do that when we have a debate here - but I appeal for proper, factual and responsible comment.

On a lighter note, I took a look through some of the international comment in this morning's media. I note a prominent photograph of our colleague, Senator Byrne, in the Financial Times which surely will go a long way towards steadying the nerves of even the flakiest investor.