Article: Lisbon Treaty approval could save Ireland Euro 200m a year in debt costs

IRELAND'S overwhelming approval of the Lisbon Treaty could save the country euro200m ( pounds 183m) a year in debt costs, economists said last night.

The European Union reform plan was backed by 67.1pc of voters in a referendum, with business leaders heralding the vote as "a vital step forward" for the beleaguered economy.

Peter Sutherland, the chairman of BP and former Attorney General of Ireland, said: "This is an outstanding victory for common sense. It was the result of dispelling myths, some of which emanated from the UK. This was a great achievement with a government in some difficulty and a vital step forward for Ireland."

The treaty is now likely to be ratified across Europe, with ...

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