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Irish back EU fiscal pact

2012-07-25 0 Dailymotion

Irish voters have agreed to back the European Union's fiscal pact in a referendum, final results show.<br /><br />About 60 per cent of those who voted said "yes", with turnout at about 50 per cent.<br /><br />There are 17 countries in the eurozone, but only 12 of them are required to ratify the treaty in order for it to become law. The treaty makes deficit reduction a priority for the budgets of all signatories, but critics say that it makes it illegal for member states to follow pro-growth policies, by necessitating a pro-austerity approach.<br /><br />Al Jazeera's Andrew Simmons reports from Dublin, Ireland.

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