Seanad debates
Tuesday, 24 April 2012
Thirtieth Amendment of the Constitution (Treaty on Stability, Coordination and Governance in the Economic and Monetary Union) Bill 2012: Committee and Remaining Stages
We have an opportunity for a proper debate, and this is only my initial contribution. I hope we can have a robust, honest and strong debate about the implications of the treaty. I also hope the Government will be honest about what the treaty can do for Ireland. Many of those advocating a "Yes" vote, including many economists on the political right, are also indicating this is essentially a bad treaty. Very few people are arguing this is great or good because it is not. Our work will be tough, but if the treaty is ratified, it will be much tougher for this country. The real danger will be long-term as we will tie the hands of future Irish Governments in the ability to manage the economy and fiscal and budgetary affairs. Giving more power to the European Commission and the European Court of Justice is dangerous, as is the potential to impose sanctions on this country, which the treaty would also allow.
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