Kenny fears having to tackle State debts faster

Enda Kenny has said the Government did not want to have to tackle the State’s debts in an “accelerated fashion” if people voted no to the EU fiscal treaty.

His comments came after Michael Noonan, the finance minister, warned earlier this week that the budget would be “dramatically more difficult” if the treaty is rejected on May 31.

The Taoiseach said a no vote could have knock-on effects on investor confidence in Ireland and therefor hit our recovery plan and future spending.