Ireland North West MEP Pat the Cope Gallagher has today welcomed the outcome of the referendum on the Fiscal Stability Treaty.

Pat the Cope Gallagher said “I am very pleased that the people of Ireland have decided to ratify the Stability Treaty. The ratification of the Treaty ensures that Ireland will have access to the European Stability Mechanism, if required. This brings a degree of certainty to our public finances as the Irish State will be able to apply for assistance, at sustainable interest rates if needed. The ESM is an important safety net for Ireland and the Eurozone. I have consistently maintained during the referendum campaign that stability and growth are two sides of the same coin. The housekeeping rules contained in the Stability Treaty can help to pave the way for future growth by ensuring a positive climate, conducive for investment and job creation.”