‘No’ vote on fiscal compact would be ‘economic and financial suicide’

A ‘No’ vote on the fiscal compact treaty would be economic and financial suicide for Ireland, according to Friends First chief economist Jim Power.

He predicts that interest rates will stay the same or even reduce over the course of this year, based on his assessment of current UK, US and European Central Bank policies.

The guest speaker at a briefing hosted by Fitzgerald & Partners accountants in the Blue Haven Hotel, Kinsale, Mr Power said leaving the eurozone is also not an option for Ireland.