As more and more citizens in financially weak EU nations try to buck off austerity, the political problem has become worse, or nearly as bad, and the financial one. There are concerns that France’s ruling party could be voted our of office and that other regimes could fall. New governments may reject the austerity agreed to by their predecesors. That could push the austerity= bailout plans to rescue Europe complete off its foundations.
Now, the protest movement has moved to Ireland.
The Irish government faces intense pressure to hold a referendum on the eurozone fiscal treaty after a poll that showed almost three quarters of the public want a vote on the agreement. In an opinion poll published on Sunday, 72 per cent of people surveyed said the treaty, which would tighten budget rules for the 17 countries sharing the euro, should go to a vote.
So, what do the Irish government and nations which have bailed it out do if the referendum goes against austerity? Panic
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