Tuesday, November 30, 2010

Irish Constitutional roadblock to bailout?

Article 29.5.2 of the Irish Constitution proclaims “The State shall not be bound by any international agreement involving a charge upon public funds unless the terms of the agreement shall have been approved by Dáil Éireann”.

"Shall have been approved" requires Parliamentary consent before finalisation of the agreement.

It appears that the Irish Government is about to argue that the bailout is exempt as it is not "international", meaning the Irish Statehas already been submerged into the EU. A report in the Irish Times is here.



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