Prime Minister Enda Kenny has just announced this afternoon that a general referendum will be held on the EU Fiscal Compact prior to the summer. Labour and Fine Gael, the parties currently in power, will campaign for a Yes vote. Sinn Fein will probably line up on the No side, which would continue their journey on the road to Euroskepticism. Fianna Fail, which spectacularly combusted in general elections last year, will be having its Ard Fheis (Party Conference) this weekend, which a good deal of the party’s future will be discussed. No doubt this referendum will be a hot topic. The sense I get so far is that Fianna Fail will back a yes vote, since the previous government was thoroughly Europhilic and the current leader, Micheal Martin, was in the prior cabinet. But let’s see what happens this weekend…
A few quick thoughts:
– The Taoiseach (Prime Minister) is announcing this now because he thinks people are generally feeling good about Ireland’s prospects. In the last 10 days or so several hundred new jobs from various overseas corporations have been announced.
– Or maybe his hand has been forced by the prospect of Sinn Fein issuing a court challenge?
– Initial takes I’m reading/hearing indicate a No vote would imply a break from the Eurozone.
Time to go listen to the radio!!