Treaty will transform running of EU

“A treaty like no other” are the words of Tánaiste Eamon Gilmore.

The reality is of course that enhanced cooperation has been agreed between the elite within the EU who know there will be major opposition by individual states that do not want their fiscal affairs tampered with.

Just 12 member states are all that are needed to bring the new treaty into force, which will be binding on all other member states, irrespective of their votes. The treaty will give the power to the EU to punish member states for not having sound fiscal policies, especial in relation to taxation to defend the strength of the euro. Under article 260, The European Court of Justice will be binding on the contracting parties and all monies will be directed to the European Stability Mechanism.