Originally Posted by GarIT
That is all part of it though. Ireland is a free state and if Ireland decided to go into debit nobody should be able to tell us otherwise.
And if we had our own currency we could do precisely that.* We voted to enter the single currency 20
years ago (Maastricht Treaty) and there were rules in there about how eurozone governments were supposed to behave to avoid destabilising the currency.
Problem was the rules were too weak, and the enforcement of them was non-existent.
it gives Europe more power, probably only a tiny amount but its still more than previously.
Arguably so tiny that we don't really need to be voting on this at all. I'd have been happy to have the government pass a Bill to implement this, and then ring up Michael D and suggest that he refer it to the Supreme Court. It's not at all certain that the Supreme Court would have rejected it as unconstitutional.
But, politically that probably wouldn't have played well as the No-to-everything types were already kicking up about being 'denied our referendum'... sigh..
* At the cost of perpetually much higher interest rates, and less foreign investment due to exchange risk. There is rarely any course of action for a government which doesn't have a downside...