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Ireland set to vote Yes to eurozone fiscal pact

by: IFAonline
  • 31/05/2012
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Ireland’s government is confident of victory in today’s eurozone fiscal pact referendum as secret official polling forecasts more than 60% of Irish voters will tick the Yes box.

Polling stations will close at 10pm tonight after the only popular vote to be held in the 25 European Union countries that have signed up to a treaty that enshrines eurozone austerity rules into national law, writes the Telegraph.

After a quiet but bad-tempered campaign government and European Union (EU) officials are betting that widespread Irish fears of tougher times ahead if voters say No will beat popular anger over austerity measures demanded in return for EU loans.

Confidential government polling puts the Yes side at “somewhere over 60% and No camp at under 40%”, said an official source last night.

Campaigners against the eurozone treaty have accused the government of scare tactics, including claims that a No vote would lead to a Greek-style banking collapse, cause a tripling of the country’s borrowing costs and plunge the country into national bankruptcy by 2014.

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