Ganley’s Flawed Approach Would Be a Double Negative for Ireland

The Director of Fine Gael’s referendum campaign has dismissed  the logic of Declan Ganley's claim that a No vote could somehow increase Ireland’s capacity to get a better deal on bank debt as making no sense.
Simon Coveney said "It is my view that rejecting The Treaty would damage our capacity to secure better terms on bank debt, rather than having the opposite effect".

“The approach that Declan Ganley is proposing would result in a double negative for Ireland: weakening our negotiating capacity on other issues and rejecting a Stability Treaty that is good for Ireland’s future.

Mr Ganley’s idea that we would choose to reject the Stability Treaty, damaging our own economy in the process, as a negotiating tactic, is flawed thinking".