Kenny: Treaty's approval in Ireland's interest

Ireland is to hold a referendum on whether to accept the European fiscal treaty which tightens controls on member states’ budgetary decisions, it has been confirmed.

Taoiseach Enda Kenny said he was confident the public will vote in favour of ratifying the contentious compact.

“I believe it is in Ireland’s national interest that this treaty be approved,” said Mr Kenny.

The Taoiseach, who announced plans for the referendum in the Dáil, said that adopting the fiscal compact would be vital for Ireland’s economic recovery and job creation.

A decision to hold a referendum was taken on advice from Attorney General Maire Whelan.

Mr Kenny said it will allow the Irish people to confirm their commitment to responsible budgeting, and ensure that the reckless economic mismanagement which drove the country to the brink of bankruptcy will not be repeated by any future Government.

He also said ratifying the treaty will lead to better public services.

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