Donegal TD Thomas Pringle’s bid to halt the European Stability Mechanism (ESM) will be considered by the EU Court of Justice in Luxembourg from tomorrow.
The oral hearing follows on from the Independent deputy’s Supreme Court case, which was heard in July.
Deputy Pringle had questioned the compatibility of the European Stability Mechanism treaty with existing EU treaty provisionsand the lawfulness of a related amendment to EU treaties. The Supreme Court referred several questions to the Court of Justice: whether the ESM treaty is compatible with EU treaties; whether the decision by heads of government to amend EU treaties is legally valid; and whether the ESM could come into operation before the EU Treaty amendment comes into force, which would be next January 1 at the earliest.
“The questions that have been referred to the CJEU are key to establishing the legality of the ESM which commits Ireland to potential payments of up to €11 billion to a fund being set up to protect the financial system,” Deputy Pringle said.