Bankers warn of No vote risk as EU referendum date set (blackmailing Ireland)

The Irish Times ^ | Wednesday, March 28, 2012, 07:36 | STEPHEN COLLINS and ARTHUR BEESLEY

[Olog-hai]

As the Government set the date for the referendum on the EU fiscal stability treaty, a major international financial institute has said that a No vote will damage the country’s ability to borrow. …

In Washington, the Institute of International Finance, a powerful banking lobby that negotiated Greece’s €100 billion debt restructuring, said the referendum ranked among the current uncertainties that worried it the most.

“Putting it very simply, we worry about what happens if there’s a No vote. That throws the cat among the pigeons a little bit, specifically for Ireland,” institute chief economist Phil Suttle told The Irish Times.

“It would also raise questions about the strategy Europe is following in relation to the fiscal compact, possibly leading to demand for more referendums.”

The Government would have no right to draw aid from the European Stability Mechanism permanent bailout fund if voters reject the treaty, making markets more nervous about Ireland. …

[Olog-hai]

This is a disgrace. A US-based banking lobby pushing the European Union's agenda via blackmail?? The liberals really have taken the USA down.

[Flintlock]

They’ll collapse??
Ya mean like ICELAND?? Like Iceland just slipped into the Atlantic and drownded??
Ireland should be so luckey.

[Olog-hai]

Ireland’s currently being run by the EU’s lackeys. You can bet that they’ll push as hard as possible for a Yes vote.

[SunkenCiv]

Thanks Olog-hai.