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The Minister for European Affairs, Lucinda Creighton TD, said this evening that passing the Stability Treaty will be a vital component in Ireland's economic recovery.

In a speech as part of the RDS Spring Lecture Series the Minister said:

"This is a Treaty that will contribute to our recovery, will ensure economic stability for our country and our currency and that will contribute to the restoration of confidence in Ireland as a good and secure place in which to invest and do business."

"It is also about future security, ensuring we have a source of funding available at all times. We are determined to re-enter the markets; this is our insurance policy as if we ratify the Treaty we have access to the European Stability Mechanism."

"Ireland’s economy, Ireland’s society and the Irish way of life are intrinsically tied to our European neighbours. We can only rebuild our economy, and importantly strengthen our society, in the European context, working with our neighbours."

Ends.