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In test for euro zone, Ireland votes on fiscal treaty

Publié par Clifford Armion le 31/05/2012

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Anthony Faiola

DUBLIN — Linked by a common currency but not a common economy, the crisis-battered euro-zone nations are facing a pivotal choice: Either move more closely together or risk their currency union breaking apart. But are European voters some in nations divided by centuries of rivalries willing to take that leap toward closer integration?

The fiercely independent Irish are about to offer a window into the answer.

From the emerald hills of Donegal to the shores of Cork, the Irish go to the polls Thursday in a referendum on a regionwide fiscal treaty inked in January that would impose strict limits on budget deficits and debt. European governments that ratify the treaty will effectively surrender a measure of sovereignty over two of their most sacred economic rights how much they can borrow and how much they can spend to the bureaucrats in the region’s administrative capital of Brussels.
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"In test for euro zone, Ireland votes on fiscal treaty", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), mai 2012. Consulté le 19/04/2024. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/in-test-for-euro-zone-ireland-votes-on-fiscal-treaty