The High Court has rejected a claim by Independent TD Thomas Pringle that the European Stability Mechanism Treaty is unconstitutional and incompatible with EU law.
RTE News
Monday, 9 July 2012
But the court has decided to refer a legal issue relating to member states’ approval of the ESM to the European Court of Justice.
Mr Pringle has said he intends to appeal Ms Justice Mary Laffoy’s decision in relation to the constitutionality and validity of the ESM treaty to the Supreme Court.
Thomas Pringle’s lawyers claimed the treaty was incompatible with the Constitution and with EU law.
They had argued that the treaty, which provides for a €500bn permanent rescue fund for the 17 member states using the euro, raised matters of enormous importance for the State.
But Ms Justice Laffoy ruled against Mr Pringle. She said she was satisfied participation in the ESM treaty would not involve any lessening of sovereignty or transfer of sovereignty to the European Stability Mechanism or other members of the ESM.
Read more: High Court rejects Thomas Pringle’s claim that the ESM treaty is unconstitutional
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