Ireland's recession to kill Lisbon rerun?

The concluding paragraphs on a report in the Telegraph on Ireland's recession are as follows:

The ECB's super-lax policy caused credit expansion of 30pc a year in Ireland, and pushed household debt levels to 190pc of GDP. The hangover has now begun in earnest.

The deepening recession almost certainly kills any chance of a fresh referendum in coming months on the Lisbon Treaty, which Irish voters have already rejected once. Even diehard officials in Brussels now recognize that no Irish government could win a `revote' in the current economic crisis.