Ministers ramp up warnings of treaty No vote

All eyes are on France, as the government hopes the election of Hollande would boost EU growth agenda, write Niamh Connolly, Pat Leahy and Nicola Cooke.

5th May, 2012
Francois Hollande: ministers hope he will be elected president of France today. Photo: Getty

Government ministers have sharply increased their warnings about the need to intensify austerity policies if there is a No vote in the forthcoming European fiscal treaty referendum.

Three members of the cabinet have spoken out this weekend to echo the warnings by finance minister Michael Noonan last week - after which he was criticised for "scaremongering".

Noonan said next year's budget would be much more severe if there was a No vote.

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