How do you intend to vote in the upcoming EU Fiscal Treaty referendum?

Do not know the question, can not give an answer!

The “fiscal compact” outlines the closer integration of the national budgets of the 17 eurozone countries.
It imposes a new legal framework and greater fiscal scrutiny to try and avoid a repetition of some of the dubious financial practices that triggered the euro crisis. The treaty also agrees to strengthen mechanisms that guarantee short-term stability to euro economies in trouble.

The treaty must be ratified by January 2013 and will take effect once it is ratified by 12 of the 17 euro zone countries.

The treaty will be signed in March 2012 and will enter into force once it has been ratified by at least 12 euro area member states. It will be legally binding as an international agreement and will be open to the EU countries which do not sign it at the outset. The aim is to incorporate it into EU law within five years of its entry into force.

The Fiscal Treaty requires EU Member states to a) keep their budget deficit below 3 per cent of gross domestic product (GDP) and b) ensure their public debt does not exceed or is sufficiently declining towards 60 per cent of GDP.Furthermore, the member states will have to incorporate this “balanced budget rule” into their national legal systems, preferably at constitutional level. The deadline for doing so is one year at the latest after the entry into force of the treaty.

Automatic penalties, including fines, will kick in if signatories exceed deficit limits unless a qualified majority of eurozone states opposes such penalties. Currently, the eurozone already has a so-called excessive deficit procedure that is supposed to kick in once a country exceeds the three per cent of GDP cap on national budget deficits set out in the Maastricht criteria. But in the past, the procedure has not been enforced as rigorously as it should be since governments often allied with partner states and used their majority to reinterpret the rules and avoid fines and other sanctions.

Legal action can be taken in the European Court of Justice against governments which breach it. The court may impose a penalty “appropriate in the circumstances” and which does not exceed 0.1 per cent of the country’s GDP.

Treaty participants may temporarily deviate from their country-specific objectives “only in exceptional circumstances” and provided the deviation does not endanger medium-term fiscal sustainability

Write off most of that debt, which we never took on and I will consider a yes vote. I never believed we would get a referendum on this. Our German/french overlords are currently spewing their cereal up. Waaahey!

NO means NO and wont be forced to vote again either NO!

This will be vote in the forth coming referendum (s)

NO
NO
NO
NO
SPOILED VOTE
NO
NO
SPOILED VOTE
YES

Bambi wrote: »

When the UK took a long hard look at the situation and said "good luck with that lads" the vast majority of eu countries envied them massively for having that option. The fiscal integration agenda has brought disaster down on this continent and here we are debating why we should wade further into that morass.

Get some perspective. Fiscal and national independence movements really brought disaster on this continent several times, not another recession that are cyclical events anyway, or in Irelands case, pretty much since the existence of the state, barring a few golden bubbles.