Ganley: Yes camp 'selling Titanic ticket'

Ganley: Yes camp 'selling Titanic ticket'

Declan Ganley is accusing the Yes camp of selling the people a 'Titanic' ticket over funding for Ireland.

Supporters of the Treaty have said Ireland needs to approve it on Thursday in order to have the right to access cash from the European Stability Mechanism.

But Mr Ganley said that is not going to solve all our problems.

He said: "There's not going to be enough money in the ESM - as designed - potentially for everybody that's going to want to access it.

"Certainly…a mechanism like that will not function unless bad bank debt has been dealt with first.

"So that the ESM is our trip to utopia is ridiculous - it's a Titanic ticket they're trying to sell us here," he added.

The businessman and Libertas founder said Ireland has until the end of the year to ratify the treaty.

He said Ireland should choose not to approve the treaty in the meantime.

"There is no reason to do it, other than to save the embarrassment of a few Irish politicians. That's not a good enough reason.

"We need to know what the deal is that's going to be cut between France ad Germany - and other member states. Is there going to be a push to introduce a common consolidated corporate tax base, a financial transaction tax base?

"Everyone knows these will be job killers if they were introduced," he added.

Ganley also criticised Tasoiseach Enda Kenny for not debating the treaty.

“Everybody knows Enda couldn’t negotiate himself out of a wet paper bag,” he said.

“He ran away from debating in front of all of you.

“It underlines the fact we need to provide some backbone to this Government by sending a message to the people they’re sitting across the table with.”

Mr Ganley said the Irish people still have their dignity and called on the public to vote No until Europe share the bank debt which he said saved the euro.

“This Government seems to want to completely bet the farm on attracting in enough foreign direct investment,” he added.

“That there’s going to be enough American multinationals that want to come here, that somehow it’s not going to grow itself out of this problem.

“It can’t be done.

“There aren’t enough multinationals on the planet to come here to grow us out of this problem unless we deal with this debt issue.”

More on this topic

Kenny to push for debt deal after Yes voteKenny to push for debt deal after Yes vote

Working-class areas reject treatyWorking-class areas reject treaty

FF calls for job creation moves from EU as SF takes stockFF calls for job creation moves from EU as SF takes stock

Tánaiste: EU needs to progress deal on bank debtTánaiste: EU needs to progress deal on bank debt


More in this Section

Covid-19: This week 'the important week' in roadmap decision as health team meets to decideCovid-19: This week 'the important week' in roadmap decision as health team meets to decide

Govt to reduce pandemic payments to part-time workersGovt to reduce pandemic payments to part-time workers

'Lessons need to be learned' as HSE sees rise in serious incidents'Lessons need to be learned' as HSE sees rise in serious incidents

€201k salary for Trinity College head breaches approved limit€201k salary for Trinity College head breaches approved limit


Lifestyle

Kim Sheehan is an opera singer from Crosshaven, Co Cork, and is this year’s recipient of the Jane Anne Rothwell Award from Cork Midsummer Festival.A Question of Taste: Cork opera singer, Kim Sheehan

Developed in Ireland by Dublin-based indie gaming house Dreamfeel, If Found follows university graduate Kasio as she returns to Achill, Co Mayo, from the big city.'If Found': a story of belonging from the Irish videogame scene

B-Side the Leeside: Cork's Greatest Records - Giordaí Ua Laoghaire tells Don O’Mahony about the offbeat outfit who created some of the most innovative music on the Irish scene in the 1990sB-Side the Leeside: Nine Wassies from Bainne - A quirky slice of creativity

More time indoors is a chance to consider how we buy for our homes without being slaves to fleeting trends, writes Carol O’CallaghanMore time at home offers a chance to consider how we buy for our interiors

More From The Irish Examiner