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IMPACT general secretary Shay Cody (file photo) Joe Dunne/Photocall Ireland

IMPACT advises members to vote Yes in fiscal referendum

IMPACT say a No vote could result in a significant increase in the cost of borrowing for the State.

ONE OF THE largest trade unions in the State has decided to advise its members to vote Yes in the upcoming fiscal treaty referendum.

After a meeting today, the executive of IMPACT decided that a No vote could result in a significant increase in the cost of borrowing for the State – or even exclude Ireland from future funding altogether. The trade union’s general secretary Shay Cody said that this would pose consequences for social welfare benefits, pensions, and public sector pay, Newstalk reports.

Three trade unions have  come out against the treaty so far, with the Technical Engineering and Electrical Union (TEEU) joining UNITE and Mandate in urging members to vote against the treaty on 31 May.

Yesterday, the Irish Congress of Trade Unions voted not to advise its members on how to vote. Congress secretary David Begg said that while nobody in the ICTU was in support of the treaty, it would not be advising how to vote members due to the fear that a rejection could mean exclusion from the European Stability Mechanism (ESM).

Last week, the National Executive Council (NEC) of Siptu said it would support a Yes vote in the Fiscal Treaty referendum if the Government commits to an “off balance sheet stimulus plan to create tens of thousands of jobs”.

ICTU will not advise members on how to vote in fiscal treaty>

TEEU advises members to vote ‘No’ on fiscal treaty>

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53 Comments
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    Mute Al Ca
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    Jun 19th 2015, 7:15 PM

    0……the number of Bondholders every week who have suffered along with the Irish people since the crisis began.

    53
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    Mute Sean O'Rourke
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    Jun 19th 2015, 7:13 PM

    1: The number of days early this article is, (Today is Friday guys).

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    Mute Sheila Fagan
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    Jun 20th 2015, 11:48 PM

    No not a lot of value but what about all the charities that depend on our loose change now enda what are you going to do about it

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    Mute Duke Mullan
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    Jun 21st 2015, 12:28 AM

    Give higher value loose change… 5c, 10c , 20c and why not the odd 50c or greater.

    11
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    Mute Michael Sands
    Favourite Michael Sands
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    Jun 21st 2015, 5:37 PM

    It is a copper coated iron?

    1
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    Mute Michael Sands
    Favourite Michael Sands
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    Jun 21st 2015, 5:37 PM

    Will that mean an end to 1c, 2c and 4c stamps now?

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