An Irish View on the Fiscal Pact Treaty
Micheál Martin TD, Fianna Fáil Party | January 31, 2012
Fiscal controls were not the cause of the Eurozone crisis and strengthening them will not solve it. ++ The debate over the crisis has been the worst of any Europe-related treaty, the current draft merely delays change for five years. ++ The "shut up and sign" approach is betraying the spirit of the union and Ireland needs to signal that it will not tolerate the "arrogant behaviour" of powers concerned with their domestic opinion polls. ++ Establishing a control without transfers is not a full fiscal union but rather a path towards stagnation.
