Every householder knows that they cannot spend more than they earn for long. Yet as a country we have been consistently spending 8% more than we earn. This Treaty is primarily about the sensible national policy of ‘Living Within Our Means’
The election results in France and Greece will bring turbulence to the Euro Area with Greece probably having to leave the Euro in a chaotic way. Because our economy has been so messed up we are going to need the assistance of our EU friends, especially Germany, to get through whether we stay within the euro or not. A YES vote will provide a better basis for getting this support.