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xchrom

(108,903 posts)
Tue Feb 28, 2012, 05:01 PM Feb 2012

Irish vote, German court add euro zone uncertainty

http://uk.reuters.com/article/2012/02/28/uk-eurozone-idUKTRE81R0PF20120228

(Reuters) - A planned referendum in Ireland and a German court ruling cast new uncertainty on Tuesday over efforts to overcome the euro zone's debt crisis, just when a flood of central bank money appeared to be calming financial markets.

Ireland's prickly electorate, which has twice voted "No" to European Union treaties before reversing itself, will get another chance to keep Europe on tenterhooks with a referendum on a fiscal compact on budget discipline agreed last month.

"The Irish people will be asked for their authorisation in a referendum to ratify the European stability treaty," Prime Minister Enda Kenny told parliament after the state's top lawyer advised that on balance a plebiscite was necessary.

Kenny set no date for the vote in a country that received an EU/International Monetary Fund bailout in 2010 after suffering a shattering banking crisis. Public support for the EU has since fallen due to the unpopularity of harsh austerity measures.
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