IFA executive council unanimously recommends referendum Yes vote

The executive council of the IFA has unanimously recommended a Yes vote in next month’s referendum on the Fiscal Treaty.

Taking the view that the fiscal compact is vital in underpinning agricultural production, exports, jobs and the rural economy, the IFA is to update its 4,000 branch officers on the treaty. It also plans to inform its near 90,000 members why a Yes vote is in their best interests.

IFA president John Bryan said: “As a small open economy, Ireland benefits from membership of a stable currency regime. This prevents price uncertainty, keeps interest rates low and improves access both to the eurozone and other markets. This is of particular importance for our export-dependent sectors, such as agri-food, and is a key factor in attracting foreign direct investment.