Aideen Hayden (Labour)

On RTE radio yesterday morning, Karl Whelan pointed out that we would face significant increases in costs in the budget if we do not ratify the treaty, on the grounds that the IMF is only one of our funders. With only the IMF to rely on for funding, and if we did not have access to the European Stability Mechanism, we would have to close our deficit gap very quickly and this would require stricter budgets.