Taoiseach: Treaty a 'foundation stone' for stability

Taoiseach Enda Kenny has said Ireland's bank debt must be included in future discussions to revive the wider European economy.

He was welcoming the outcome of the Fiscal Treaty referendum, which saw a Yes result by an almost 2:1 margin.

“The Irish people have sent a powerful signal around the world that this is a country serious about overcoming our economic challenges,” he said.

“The treaty will not solve all economic problems but it is a foundation stone to make sure the economy stands on firm ground.”

The Taoiseach said the result would help bring stability and credibility and ensure Ireland has access to funding under the European Stability Mechanism (ESM) if needed.