‘Borrowings will be hit by no vote’

IRELAND will end up paying even more for its borrowings if there is a no vote to the Lisbon treaty, the business organisation IBEC has claimed.

A yes vote was a crucial step in restoring Ireland’s international credibility in financial markets, said IBEC’s director general, Danny McCoy.

But the campaign was shaping up so far to be a re-run of last June’s vote, with the no side putting forward what he called ridiculous claims and the other side spending all their time rebutting them, he warned.