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

WIZE wrote: »

I'm going to vote no .

reason is every time we vote yes we get fcuked

we are going to default at some stage so better sooner then later as we won't receive bailout cash after 2013 when voting no

They'll get around this by saying 'Are you not in favour of the new fiscal treaty?'

And you'll vote no, meaning you ARE in favour.

God, they're clever.

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!

mike65 wrote: »

the short version

Yes - money
NO - no money

Last Treaty,

Yes - jobs
No - no jobs

Majority voted Yes (2nd time round) and still no jobs, and jobless is rising daily!

Robdude wrote: »

No sense in debating the past. Let's look at where we are.

Ireland is broke....

Massive amounts of debt,
Massive amounts of spending,

Playing nice with the EU is the best thing for us, given that we've already found ourselves in this situation. Hell, maybe the Germans and French can do a better job of policing our finances than we can?

A debt which we are not legally bound to pay, a debt that is not ours. Our Country would be financially better off, if we told the Gamblers to take a hike.