We won’t get back on our feet without debt writedowns

For Ireland to recover from ‘horrendous’ debt problems, a significant proportion must be written down, writes Fine Gael TD Peter Mathews

A YES vote on May 31 will guarantee Ireland access to European bailout funding. It will also reassure multinational companies that the country is not on the verge of a funding crisis.

However, the stability treaty will not solve all of Ireland’s problems. It’s only the first step in addressing the EU’s difficulties.