Irish Deputy Prime Minister Eamon Gilmore said the government will have “one go at” putting a referendum to ratify the European fiscal compact to the nation’s voters.
“A second go doesn’t arrive in this case; there is one go at it,” Gilmore said in an interview with Dublin-based broadcaster RTE television. Irish voters rejected changes to the European treaty in 2001 and 2008, before reruns passed the proposals.
Gilmore said the government isn’t seeking a deal from the country’s European partners on lowering the cost of bailing out its banks as a trade-off to win Irish voters’ backing for the referendum. “It is not something we have ever seen as a quid pro quo,” he said, adding that Ireland is separately in talks with the bailout troika on renegotiating the bank bailout costs.
The government has been in talks with the troika on re-engineering about 30 billion euros of promissory notes in Irish Bank Resolution Corp, formerly Anglo Irish Bank Corp.