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Irish referendum no to EU treaty will prompt euro exit, business leaders warn
Source: The Guardian
Irish referendum no to EU treaty will prompt euro exit, business leaders warn
Glen Dimplex manufacturing and GlaxoSmithKline urge voters to
say yes to European stability pact on 31 May
Henry McDonald in Dublin
guardian.co.uk, Tuesday 15 May 2012 13.57 BST
A no vote against the EU stability treaty will force Ireland out of the euro, a leading Irish business leader has warned.
Sean O'Driscoll, chairman of the Glen Dimplex manufacturing group, said proponents of a no vote on 31 May were being "disingenuous" in claiming the republic could remain in the euro even if the electorate rejected the EU fiscal treaty.
O'Driscoll joined the Irish heads of the pharmaceutical giant GlaxoSmithKline (GSK) and the chairman of the agri-food business Greencore in calling for a yes vote in the Irish referendum at the end of this month.
Speaking at the British Irish Parliamentary Assembly in Dublin, O'Driscoll, whose company exports 30% of its household appliances to the UK, said exit from the euro was inevitable if Ireland said no to the new rules on EU states' budgets.
[font size=1]-snip-[/font]
Glen Dimplex manufacturing and GlaxoSmithKline urge voters to
say yes to European stability pact on 31 May
Henry McDonald in Dublin
guardian.co.uk, Tuesday 15 May 2012 13.57 BST
A no vote against the EU stability treaty will force Ireland out of the euro, a leading Irish business leader has warned.
Sean O'Driscoll, chairman of the Glen Dimplex manufacturing group, said proponents of a no vote on 31 May were being "disingenuous" in claiming the republic could remain in the euro even if the electorate rejected the EU fiscal treaty.
O'Driscoll joined the Irish heads of the pharmaceutical giant GlaxoSmithKline (GSK) and the chairman of the agri-food business Greencore in calling for a yes vote in the Irish referendum at the end of this month.
Speaking at the British Irish Parliamentary Assembly in Dublin, O'Driscoll, whose company exports 30% of its household appliances to the UK, said exit from the euro was inevitable if Ireland said no to the new rules on EU states' budgets.
[font size=1]-snip-[/font]
Read more: http://www.guardian.co.uk/world/2012/may/15/irish-referendum-no-eu-euro
