Washington DC high power bank lobby that did Greek deal now pressuring Ireland to vote yes on EU treaty

.
Sinn Fein making Goldman Sachs types nervous.

3/28/12, "Ireland's interests served by Yes vote, says Creighton," IrishTimes.com

"Minister for European Affairs Lucinda Creighton today said a Yes vote was in the State's interests after the Government set a May date for the referendum on the EU fiscal stability treaty....

The referendum date was announced in the Dáil yesterday by Tánaiste Eamon Gilmore following the weekly Cabinet meeting. He named Thursday, May 31st as the day on which voters will be asked to amend article 29.4 of the Constitution to ratify the stability treaty and adopt the legislation required to bring it into effect....

Elsewhere, a major international financial institute has said that a No vote will damage the country’s ability to borrow.

In Washington the Institute of International Finance, a powerful banking lobby which negotiated Greece’s €100 billion debt restructuring, said the referendum ranked among the current uncertainties that worried it the most.

“Putting it very simply, we worry about what happens if there’s a No vote. That throws the cat among the pigeons a little bit, specifically for Ireland,” institute chief economist Phil Suttle told The Irish Times.

“It would also raise questions about the strategy Europe is following in relation to the fiscal compact, possibly leading to demand for more referendums.”

The Government would have no right to draw aid from the European Stability Mechanism permanent bailout fund if voters reject the treaty, making markets more nervous about Ireland...

The institute, which draws its directors from Deutsche Bank, Commerzbank, Goldman Sachs, UBS, HSBC and Morgan Stanley, has told its members to be on alert for three strands of news from Ireland: economic performance following a new wave of fiscal austerity; opinion polls on the referendum; and “the rise of Sinn Féin” in polls.

“One of the things we notice is: Sinn Féin is quite supportive of taking a tough line on the promissory note issue. That’s something which will make international investors nervous,” Mr Suttle said....

Central Bank governor Patrick Honohan said yesterday that a deal to avoid the cash payment of €3.06 billion due this weekend on the bill for the Anglo Irish Bank and Irish Nationwide promissory notes was likely to be successful."...via Free Republic

.