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Leaders' Questions - May 17th 2012

May 17, 2012

Leaders' Questions this morning saw debate on health, the Stability Treaty and the economy. You can see the entire proceedings in the accompanying video or read the debate on the Oireachtas website.

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Policy Focus

The Stability Treaty

March 9, 2012

The Stability Treaty

On foot of advice from the Attorney General, the Government has decided to hold a referendum on the Stability Treaty.

The Treaty has been agreed by 25 of the 27 EU States, commits all Eurozone governments to responsible budgeting and stable public finances with a structural deficit of less than 0.5 % and public debt-to-GDP ratios down to 60%. It forms part of a package that will bring greater stability and confidence to the entire euro area as well as Ireland. As an open economy we will benefit significantly from recovered stability across the Eurozone. The fiscal rules that will be enshrined on ratification are ones we've already signed up to. However, they will now be binding and enforceable and will help stabilise the euro thereby cementing the growing International confidence in Ireland's recovery.

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