Ireland’s governing Fine Gael party is campaigning for a ‘Yes’ vote in a referendum on the EU’s Fiscal Compact Treaty. Trust in politicians in Ireland is so low that they are getting business CEOs to front the campaign with endorsements claiming it will be good for business – despite the European Central Bank’s policies wrecking the economy.
Today Irish taxpayers are paying €2.25 billion in bond payments on unsecured bonds for failed private banks – some €500 for every man, woman and child in Ireland – a bad deal which Fine Gael voted for in 2008. Fine Gael are calling this treaty a “stability treaty”, it is in reality a treaty to surrender fiscal sovereignty.
Ahead of the vote in three days time Guido is trying to buy advertising in the Irish Times parodying the campaign with some CEOs who really are grateful to Fine Gael:
Incidentally the advertising campaign is “under review”.