Rejecting fiscal compact would be "Russian roulette" - Bloxham
Economic growth in 2012 will be 0.5 per cent, compared with a previous forecast of 1.1 per cent, according to the latest quarterly Irish economic outlook from Bloxham Stockbrokers.
Rejection of Europe’s fiscal compact in the upcoming referendum would be akin to a game of “Russian roulette", said Bloxham Stockbrokers.
“Ireland could be lucky and get the empty chamber with no damage done through a ‘Yes’ vote, but a possibility exists of a ‘No’ vote that, in our opinion, would cause interminable damage,” said Alan McQuaid, Bloxham’s chief economist in a note.
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