Arab Today, arab today pm ireland could face downgrade if eu treaty rejected
Last Updated : GMT 06:58:51
Arab Today, arab today
Arab Today, arab today

PM: Ireland could face downgrade if EU treaty rejected

Arab Today, arab today

Arab Today, arab today PM: Ireland could face downgrade if EU treaty rejected

Dublin - AFP

Prime Minister Enda Kenny warned Monday that Ireland\'s sovereign debt could be downgraded by rating agencies if the country rejects the EU\'s fiscal pact in a referendum on Thursday. Kenny\'s comments came as the first votes in Ireland\'s referendum were cast on five remote islands off the northwest coast ahead of the mainland ballot. \"We have had a number rating agencies already indicate that if the people were to turn down the fiscal stability treaty, that a downgrading of the country would follow,\" Kenny told reporters. \"When we are in the business of being serious with companies abroad who want to know the kind of country that we are and what it is that we offer, why should we inflict a lack of confidence on our own belief and on our own country? \"These people want to know what the future is going to hold for them if they invest serious money in Ireland,\" he added. Ireland relies on exports to boost its debt-ridden economy and some 75 percent of its trade involves goods and services from foreign-backed companies which have set up operations in the country. Ireland\'s referendum is expected to be the only plebiscite in the European Union on the fiscal pact, which is designed to strengthen the euro currency through tighter oversight of public finances. People living on Irish islands in the Atlantic Ocean off Counties Donegal, Mayo and Galway traditionally vote early, in case bad weather delays getting the ballot boxes back to count centres on the mainland. The Irish environment ministry, which administers referendums, said 765 people living on five islands off Donegal would be able to cast their votes on Monday, followed by 194 on three islands off Mayo on Tuesday. Some 1,164 voters on five islands off Galway can vote on Wednesday. Four opinion polls at the weekend put the \"yes\" camp ahead by between 57 percent and 60 percent but they also showed many voters were still undecided. Ireland was forced to seek an 85-billion-euro ($106-billion) bailout from the EU and International Monetary Fund in 2010. Under the fiscal pact, any country that fails to ratify will not be allowed access to the European Stability Mechanism, the permanent EU bailout fund that comes into force in July. The Irish vote will be watched closely as the republic has previously sent shockwaves through Europe on treaty plans. It voted twice before passing two fundamental EU treaties, the Nice and Lisbon accords. If Irish voters reject the fiscal pact, however, it would only affect Ireland and its access to EU funds and not hold back other member states. The pact, drawn up in response to the eurozone crisis, obliges countries to enshrine in national law a so-called \"golden rule\" to balance budgets or face automatic sanctions. Some 3.1 million people will be eligible to vote in the mainland on Thursday. Votes will be counted on Friday.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today pm ireland could face downgrade if eu treaty rejected Arab Today, arab today pm ireland could face downgrade if eu treaty rejected

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today pm ireland could face downgrade if eu treaty rejected Arab Today, arab today pm ireland could face downgrade if eu treaty rejected

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday