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Dublin: 17 °C Wednesday 19 June, 2013

Poll: Do you think you understand the Fiscal Compact treaty?

A Sunday Times/Behaviour and Attitudes poll finds that 32 per cent of people believe they have no understanding of the deal.

The Fiscal Compact is shorter than most European treaties, but can still make for complicated reading.
The Fiscal Compact is shorter than most European treaties, but can still make for complicated reading.

AN OPINION POLL published by the Sunday Times yesterday suggests that only a small minority of people think they understand what’s contained in the Fiscal Compact treaty.

The Behaviour and Attitudes poll found that while 32 per cent of people had no understanding “at all” of what was contained in the deal, a mere 6 per cent of people claimed to be understand it “very well”.

The 32 per cent of people who said they did not know about its contents tallied exactly with the proportion of voters who said they had yet to decide on how they were planning to vote.

With that in mind, we thought we’d ask our own readers whether they felt they understood what was contained in the deal. So: do you think you understand the fiscal compact?


Poll Results:






Read: The Fiscal Compact Referendum: What are we voting on and why?

Translated: The Fiscal Compact rewritten in layman’s terms

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Comments (24 Comments)

  • I could be wrong as my neighbours dog often eats my post but didn’t the government say they would send a copy of this to everyone. I sure haven’t gotten it yet but would like a paper copy before I make up my mind

    Reply
    • It’ll be like the last referendum lad, “documentation is being and had been sent out to every household in the country” i still haven’t received mine.

      I imagine they just don’t have the toner left to print any pamphlets off with :P

      Reply
    • They will also blame the Irish voters if its rejected for not knowing what they were voting on and will force us to reconsider our vote in approximately 1-2 years from now.

      Reply
    • sarah 23/04/12 #

      It’s the same every time we have to vote on one of these treatys! No one has a clue, no info given we vote against it. The government change a law and make us vote again but only after giving us the good things about it! I don’t care what it’s about if the government say vote yes I’m doing the opposite!

      Reply
    • If they outline the proposals clearly it’ll be shown for the farce it is. Can’t have that before the vote now can they?

      Reply
    • donn 23/04/12 #

      You would like to see Government propaganda before I make up my mind??

      Reply
  • To those who don’t understand the treaty there is a responsibility on you to read up on it and make a full and informed decision either way… There’s a decent bit of coverage on it now … Thejournal have a link above bringing you to an explainer… There’s stabilitytreaty.ie (which had a very quick video explaining it) i’m sure the referendum commission will have info on their website and they are posting out info as well in the future …

    I respect people’s choice to vote yes or no but I hate when people say “oh the gov never explained it” when there are so many avenues to find out about what u are voting on … Some people expect to understand it by osmosis without actively reading up about it themselves …

    Reply
  • Rob 23/04/12 #

    its a treat to consider bringing into Irish law stricter fiscal regulations governing how we run the country – with rules being implemented by Europe?? close enough?

    next survey…… do you like living in a country where 32% of people admit to being so blissfully unaware of the details of a fiscal treaty which has been the main news story of the year to date??

    Reply
    • Paul 23/04/12 #

      Grand, you trust the summary. I’d like a little more detail before I consider myself fully informed enough to make a decision

      Reply
    • Rob 24/04/12 #

      then go read it

      Reply
    • It’s more specific than that. It states that a 5% GDP deficit is ideal but that, in certain circumstances, countries can run deficits in excess of 60% if required: BUT that has to be regarded as a short-term measure and countries that find themselves in that situation should seek to reduce their deficit by 5% a year until it’s back to a normal level. It points out that EU *already* has the power to censure members who don’t behave in a responsible fiscal way (there’s no change there) but more closely defines (as above) what ‘responsible’ means. The main difference in terms of censure is that individual countries can make complaints about other individual countries to be arbitrated by the courts, rather than the whole EU body needing to sit round and talk about it (so, say, if Ireland decided France was behaving irresponsibly then we could make a complaint about them).

      It’s also worth pointing out that unlike a lot of treaties this is a *voluntary* commitment. Any country that wants to sign up can, any that doesn’t, doesn’t have to. They only thing is that countries are unlikely to lend to anyone whose refusing to agree to something as mild as – if they do wind up at 60% deficit – committing to a target of *twelve years* to balance their budget. And, let’s face it, why would they lend to such a country?

      Reply
  • All people need to understand is when some economic shock, like having our political leaders sell us out to EU authorities by insisting we pay the losses of private bank bankruptcies, or even just during a severe downturn in the business cycle, we will be obliged by straightjacket rules to devastate our economy even faster and deeper.

    Create more unemployment, reduce incomes even faster & present more firesale asset buying opportunities to the leeches of the bloated financialised economy which does little of ‘value’ now for the real economy of citizens.

    The Euro common currency system is a failure, except for the top few percent & financial elites who designed it.

    Some shared fiscal rules (but not the ones offered) would be appropriate within a structure that also ensures prosperity for all, not a race to the bottom & the destruction wrought on Greece, now coming to Spain, & ultimately Ireland in due course.

    The Fiscal Compact is nothing more than a doubling down on precisely the same policies & Euro construction that caused the mess & are making matters worse, not better, as we have all witnessed over the last 4 years.

    And whilst the crisis gets worse, such fiscal rules are not the priority.

    We should be voting on a comprehensive new treaty of fundamental reform to the Euro system. Alongside that, serious reform to regulation – actually having meaningful regulation – of the financial sector should already have been enacted, but isn’t even being considered.

    We have only one option to avoid a program of incremental debt slavery. Vote NO, to tell the politicians ‘captured’ (or effectively bribed) by the financial elites, that this isn’t acceptable.

    Really, it’s time to wake up now & stop this before it’s too late.

    (There are real alternatives, certainly no more ‘difficult’ in the short term, & with infinitely better long term outcomes for the majority of us.)

    Reply
  • I understand that we ought not to be signing up to a treaty which is not an EU treaty and which sets an incredibily dangerous precedent for the future of the EU and the EMU – and particularly not a treaty which has been cobbled together in a panic and whose sole aim is the calm the meerkats. So Yes, I understand the treaty.

    Reply
  • Knowing what the fiscal treaty is one thing, knowing its ramifications is something else entirely. W all know we are voting to accept / reject the amendment to the constitution to allow the treat to come into affect, we can all read the excellent journal translation of the treaty. But what affect will it really have? That’s the real question I want answered before the polling day.

    Reply
  • And now the Dutch government has fallen. Its looking like the left are on the rise all across Europe.

    Reply
  • xyz 24/04/12 #

    You want to see Sarkozy in Ireland again? vote no lol

    Reply
  • Dana was right!!!!

    Reply

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