Fiscal treaty referendum on Thursday 31 May

Note: This section contains information in English only.
Source: CNN Money

A referendum will be held on Thursday by the Irish in order to determine whether they accept the new fiscal regulations. According to recent polls, it is likely, yet still not certain due to a large number of last-minute voters, that the Irish people will vote with a "yes", consequently, ensuring additional funding apart from the EUR 85 billion bailout plan. However, even if the Irish dismiss the treaty, it may not guarantee that the treaty will not be implemented as it is necessary to receive the acceptance of 12 countries of the Eurozone. Those who are in favour of the treaty believe that it should prevent another financial crisis from occurring.

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