Here we go again. Sarkozy and Merkel have agreed treaty changes, including automatic sanctions for failing to meet deficit targets etc. It looks as if the referendum will have to take place prior to 2012.
You have to wonder did they give two seconds thought that the one country that has to ratify these changes by referendum will be the long odds on favourite to be the first defaulter! I can see a breaking of the political consensus in Ireland on Europe in this referendum. For example, I cannot see the Unions going along with it. This is going to make politics in the next of couple of years extra spicy.
Sarkozy backs Merkel on economic reform - The Irish Times - Tue, Oct 19, 2010