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'Under the ESM treaty Ireland is obligated to make capital contributions of up to €11,145,400,000 which is the equivalent to approximately one third of the total Irish tax revenue for 2011' (Photo: Wayne Lam (Ramius))

Fiscal treaty - taking the EU in the wrong direction

As an Irish legislator and citizen I keep asking myself, would it not be absurd if Irish voters were to vote in the 31 May Fiscal Compact Referendum in favour of imposing austerity rules on ourselves in order to get future access to a proposed permanent Eurozone loan fund when the separate but “complementary” treaty establishing that fund is arguably illegal under EU law, unconstitutional in Ireland and has not yet come into force and indeed may never do so.

On 9 March I wrote to the Ta...

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The views expressed in this opinion piece are the author’s, not those of EUobserver

Author Bio

Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.

'Under the ESM treaty Ireland is obligated to make capital contributions of up to €11,145,400,000 which is the equivalent to approximately one third of the total Irish tax revenue for 2011' (Photo: Wayne Lam (Ramius))

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Author Bio

Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.

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