Treaty will strengthen exisiting rules and stop repetition of errors

The debate on next week’s referendum on the Fiscal Stability Treaty is in danger of becoming obscured by a plethora of issues that have nothing to do with the text of the treaty.

Many of those advocating a no vote have deliberately attempted to detract from the contents of the treaty by claiming that it relates to issues such as taxation. It does not.

The treaty is not about the range of issues that the no campaign would like it to be about. Neither does it prescribe a particular economic policy, either of the left or right. Rather it is an attempt to ensure that the eurozone member states act responsibly in balancing their budgets so as to avoid a repeat of the current financial crisis.