All of Europe is looking to Ireland as the country prepares to vote on Thursday in a referendum on the unpopular fiscal compact for greater budgetary discipline. If the Irish reject the new treaty, it won't just be a major blow to its main advocate Angela Merkel. It could also spark panic on the financial markets.Really? I should have thought if the Irish reject the new treaty then they will just have to have another referendum.
Wednesday, May 30, 2012
Hmmm, don't know about that
Der Spiegel is a little worried about the Irish referendum on the fiscal pact tomorrow (for the benefit of those who have not been paying attention, let me point out that this is the treaty that does not exist because the Boy-King has vetoed it and on which we cannot vote in any shape or form because it does not exist).