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7/18/09

Nasdaq: Ireland's Green Party To Campaign In Favor Of EU Reform Treaty

For the complete report from the Nasdaq click on this link

The prospect of the E.U. reform treaty passing its main hurdle to ratification, an October referendum in Ireland, received a boost Saturday when Ireland's Green Party decided to push for a 'yes' vote. The Greens, a junior party in Ireland's ruling coalition, voted by a two-to- one majority to campaign for the Lisbon Treaty, which Irish voters rejected in a first referendum in June 2008, sending shock waves through the bloc. At Saturday's special convention Green Party members voted by 214 (66%) to 107 (33%) in favor of the treaty.

The most recent opinion polls show 54% of Irish voters would now say 'yes' to the Lisbon Treaty. Almost all the other 27 E.U. member states have endorsed the treaty, which is designed to streamline the E.U.'s decision-making, through votes in their national parliaments.Only Ireland is constitutionally bound to put the treaty to a vote. The Czech Republic, Germany and Poland are also still to ratify the Lisbon Treaty but do not have to put the matter to a public election.

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