Thursday February 27, 2020

Guest Comment: regaining lost sovereignty

The No side say that the fiscal treaty will involve a loss of sovereignty but this assumes that Ireland already has fiscal sovereignty and is capable of exercising it, writes Antoin E. Murphy.

29th May, 2012
"It is inconsistent, to say the least, to condemn fiscal excesses, arising from cyclical elements, and simultaneously oppose the principle of a structural budget balance," writes Antoin E. Murphy.

The Treaty on Stability, Coordination and Governance in the Economic and Monetary Union (henceforth Stability Treaty) should be seen as the third part in a sequence aimed at developing the European Monetary Union.

This sequence started with the Maastricht Treaty which laid down the ground rules for the establishment of the euro and the European Central Bank. It was recognized in it that monetary union also necessitated considerable fiscal discipline. Two of the criteria aimed...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 1 month ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago