EU Stability Treaty – An opportunity to draw a line under past events – BREEN.

April 24th, 2012 - Pat Breen

Speaking during the debate on the Thirtieth Amendment of the Constitution Treaty on Stability, Coordination and Governance in the Economic & Monetary Union Bill 2012, Clare T.D. and Chairman of the Oireachtas Committee on Foreign Affairs & Trade Pat Breen said that the “Treaty presents an opportunity for the Irish People to draw a line under the events of the past by putting in place the structures and procedures required to prevent Irish Governments from engaging in reckless economic mismanagement”.

Acknowledging the difficulties that many ordinary people now have to endure because of the sins of the past, Deputy Breen said that they should reflect on the role that incompetence including light touch regulation and the lack of corporate enforcement had played in the deterioration of the Country’s Finances. He said that this Treaty was an opportunity to draw a line under past events by ensuring that future Irish Governments are prevented from engaging in reckless economic management.

Deputy Breen told the Dail that Referendum day on the 31st May, “will be an important and defining day for the country, for our future relationship with the European Union and for the future of the Euro.”
Pointing to the hard work which the Government has done over the past 12 months to repair Ireland’s International credibility, Deputy Breen said that the “number of foreign direct investment projects was up 20% last year and job announcements such as those made by PayPay, Mylan and Apple are testament to the increased confidence in Ireland and the prospects for future projects coming here are positive.”
He warned that if our economy is continue to stabilise, “we must work with our EU partners to put in place the mechanisms needed to ensure economic stability throughout the Eurozone. We are an island nation on the edge of Europe and must learn from the lessons of the past and the events of recent years. We cannot stick our heads in the sand, as some opposition Deputies would like us to do, and ignore the influence of international factors, including international market sentiment, on our economic stability.

Deputy Breen added that the Treaty also presents the Irish People with the opportunity to vote confidence in the euro. “A strong eurozone will raise all boats and is pivotal to Ireland’s economic recovery. Our exports are the real success story of the economy. Last year they grew by 4.1%. Opponents of the treaty claim it will not fix the eurozone crisis or the economy. I take issue with these misinformed comments. The treaty is an essential element of the road map out of the crisis. It is an important part of the package needed to stabilise economic conditions in Europe because it provides assurances that the problems that emerged in Greece cannot be repeated.”

Over the course of the Campaign, Deputy Breen said that he is looking forward to engaging with his constituents and that he will be urging the people of County Clare to put on the Green Jersey on the 31st May and ensure a “Yes Vote”, which he said would ensure Ireland’s continued recovery.