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Ireland’s Treaty Opponents Gain Anti-Austerity Ammunition

From bloomberg.com

Irish opponents of Europe’s fiscal treaty are drawing inspiration from Athens and Paris as voters across Europe rebel against austerity. The Irish hold a referendum on the treaty on May 31, after Greek and French voters rejected candidates promoting budget cuts to help solve the euro-region debt crisis. While opinion polls show the “yes” side ahead, that was also the case before previous unsuccessful plebiscites in Ireland. The French and Greek elections “allow the treaty’s opponents to argue the tide is going out on austerity,” said Eoin Fahy, an economist at Kleinwort Benson Investors in Dublin. “The results are ... (full story)

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