Jason OMahony - Irish political blogger, Irish politics, EU politics
 

Two questions for the No side.

Posted by Jason O on May 2, 2012 in European Union, Fiscal Treaty Referendum 2012, Irish Politics |

The issues upon which the Fiscal Treaty referendum will be decided seem to be solidifying around the question of access to future funding of public services. With that in mind, two questions for the No side occur to me:

1. If we accept that Sinn Fein have changed their view of the IMF from being absolute bastards to generous and decent lenders of last resort, does this mean that Sinn Fein will accept and support any new conditions required by the IMF for a post 2013 bailout?

2. Joe Higgins (to his credit) has suggested that the gap in spending be closed through increased taxation. He then, like every Irish politician, puts on his Progressive Democrat hat and pledges that the vast majority will not pay extra taxes, only the very wealthy. Does Joe believe that the very wealthy will sit quietly and pay the extra taxes required indefinitely? In other words, the only reason they are not paying more at present is because they were never asked?

2 Comments

Brendan
May 2, 2012 at 10:37 am

Real question is do we want further, deeper integration with Europe. If answer is yes, then vote yes, if answer is no, then vote no. The money issue is irrelevant. When time comes the choice will be, as before, do we default on payments of private debt to German banks or will EU not allow a default. If they don’t allow a default then they must come up with the money. If we aren’t party to the treaty then we aren’t bound by the provision that you have to be party to it to get the money. It’s a bit circular.


 
Danny
May 2, 2012 at 11:28 am

It doesn’t seem to matter to the No side that even if those on over €100,000 per year pay 100% tax, it will only bring in €3b extra.
There is still €12b extra to be cut from the deficit.
Where will this money come from?


 

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