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Adams calls for referendum on European Stability Mechanism

15 September, 2011 - by Gerry Adams TD


Sinn Féin Leader Gerry Adams TD has slammed the decision of the government to push through an amendment to one of the two EU Treaties which establishes the European Stability Mechanism.

Deputy Adams asked the government to publish the advice given to them on the matter by the Attorney General. The government refused this request.

Speaking in the Dáil Deputy Adams said:

“Sinn Féin believes that legislation to enable the State to licence the establishment of the European Stability Mechanism (ESM) should be put before the people in a Constitutional referendum. I would urge the government to let the people decide on this matter which is of crucial importance to Ireland.”

Deputy Adams criticised the government’s refusal to hold such a referendum or to publish the legal advice they have received from the Attorney General.

“The Tánaiste today blamed the previous government for handing over our economic sovereignty to the EU. Pushing through an amendment which will hand over a measure of fiscal authority to Eurozone Finance Ministers is not a decision this government can blame on Fianna Fáil.

“Fine Gael and Labour have the power to allow the Irish people to have their say on this issue through a referendum.

“I call again on the Government to hold a referendum on this issue and to publish the legal advice

“The Treaty which has already been signed but not yet ratified commits the Irish State to contribute €11 Billion in various forms of capital to the ESM when it is established in 2013. Further amounts of money can be demanded by Eurozone Finance Ministers as the ESM is regularly reviewed.”

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