Ireland backs euro budget rules

Ireland has officially passed the European fiscal treaty that sets strict new budget rules on members of the eurozone. 60.3% of voters who took part in the referendum voted in favour.

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Declan Ganley: I hope Europe will repay Ireland's trust

Libertas founder and No campaigner Declan Ganley Credit: Niall Carson/PA Wire

Libertas founder and No campaigner Declan Ganley has said that "it clearly is a yes vote," public broadcaster RTE reports.

Speaking at the Dublin Castle count centre, Mr Ganley said the majority of the electorate in Ireland has "expressed trust and faith in our partners in Europe to do the right thing."

"I hope that that trust will be repaid," he added.

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Voting underway in Ireland

Voting is underway across Ireland to decide whether to adopt the EU fiscal pact, which imposes rules designed to ensure fiscal discipline. It follows a vigorous campaign from both the Yes and No camps.

This video shows, in order of appearance, Ireland's Taoiseach Enda Kenny and Sinn Féin president Gerry Adams. They represent the Yes and No campaign respectively.

'Low voter turnout in Ireland's EU referendum'

Voter turnout in many parts of Ireland has been low in today's referendum on the EU fiscal pact, hovering around the 10% mark so far. Polling stations are open until 9pm.

The state broadcaster RTE is monitoring turnout:

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