14/05/2012

Haynes 'Very Hopeful" For New EU Growth Package

Minister of State Brian Hayes has said he is “very hopeful” a stimulus package for Europe’s ailing economy can be agreed by leaders at a European summit later this month.

Proposals to promote growth and investment are expected to top the agenda at the May 23rd summit in Brussels, which is now being billed as a crucial date in the euro zone’s ongoing financial crisis.

“There is no doubt that we need to map out a growth, investment and jobs agenda that is going to help the euro zone, and those non-euro zone countries, to get over this difficulty,” Mr Hayes said at an event in Dublin Castle today.

His comments came as a group of Independent TDs and an MEP called on the Government to postpone the referendum on the fiscal treaty following what they described as “game-changing events” in Europe last week.

Independent MEP Marian Harkin said Ireland should not vote on the deal until potential revisions, including a new growth stimulus, were written into the text.

“I think what happened last week was a game-changer. We had the German parliament unable to ratify the fiscal treaty,” said Ms Harkin.

She was joined by a number of Independent TDs calling for the postponement, including Dublin South’s Shane Ross and Dublin North Central’s Finian McGrath.

Mr McGrath said the Government owes it to the public to allow them to cast their vote only once fully informed of the details of the treaty. Mr Ross declined to say say which way he would vote.

(H/GK)


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