Finally, Germany Is Talking About Deutschland EU Exit - Dexit 22:57 Apr 21 0 comments The EU in 2019 – the Problem of Survival 18:42 Jan 11 0 comments The publication of a damning report on Ireland’s public services was delayed by EU until after polls... 06:50 Feb 27 2 comments People's News - No. 139 7th Feb 2016 22:58 Feb 10 0 comments Peoples News issue No. 110 Date: 21 – 9 – 14 22:01 Oct 01 1 comments more >>Blog Feeds
Anti-EmpireNorth Korea Increases Aid to Russia, Mos... Tue Nov 19, 2024 12:29 | Marko Marjanovi? Trump Assembles a War Cabinet Sat Nov 16, 2024 10:29 | Marko Marjanovi? Slavgrinder Ramps Up Into Overdrive Tue Nov 12, 2024 10:29 | Marko Marjanovi? ?Existential? Culling to Continue on Com... Mon Nov 11, 2024 10:28 | Marko Marjanovi? US to Deploy Military Contractors to Ukr... Sun Nov 10, 2024 02:37 | Field Empty
Human Rights in IrelandPromoting Human Rights in Ireland
Lockdown Skeptics
British Drivers Steering Away From New Cars In Their Droves Mon Dec 23, 2024 13:00 | Sallust
Britain on Brink of Recession After Growth Revised to Zero Following Reeves?s Horror Budget Mon Dec 23, 2024 11:09 | Will Jones
What Fresh Hell is This? The Climate and Nature Bill Mon Dec 23, 2024 09:00 | Paul Homewood
The Daily Sceptic Christmas Appeal Mon Dec 23, 2024 07:00 | Toby Young
News Round-Up Mon Dec 23, 2024 01:12 | Richard Eldred
Voltaire NetworkVoltaire, international editionVoltaire, International Newsletter N?113 Fri Dec 20, 2024 10:42 | en Pentagon could create a second Kurdish state Fri Dec 20, 2024 10:31 | en How Washington and Ankara Changed the Regime in Damascus , by Thierry Meyssan Tue Dec 17, 2024 06:58 | en Statement by President Bashar al-Assad on the Circumstances Leading to his Depar... Mon Dec 16, 2024 13:26 | en Voltaire, International Newsletter N?112 Fri Dec 13, 2024 15:34 | en |
Merkel and Sarkozy plan is recipe for disaster
international |
eu |
press release
Wednesday August 17, 2011 17:04 by Malachy Steenson - Workers Party
Merkel and Sarkozy plan is recipe for disaster Padraig Mannion, EU spokesperson of the Workers' Party, has slated the Merkel-Sarkozy plan for the Euro as economically incompetent and politically disastrous, and said it must be rejected out of hand by the government. “The Franco-German proposal” stated Mr Mannion “will have no positive influence in stabilising the Euro, in reversing the stock market slide, or in relieving the massive financial burden on the peoples of Ireland, Portugal and Greece”. “President Nicolas Sarkozy and Chancellor Angela Merkel are both playing to nationalist and xenophobic audiences and are both fighting for electoral survival. The proposed adoption of new powers for the European Financial Stability Facility rescue fund, as well as new powers of oversight for the ECB and the Commission will merely place a stranglehold on fiscal independence and prevent the smaller economies like Ireland from growing their way out of the present crisis.” “Merkel and Sarkozy have also failed to tackle the cabal of institutions which control and manipulate the markets. As we have seen so often in the past it is the senior dealers and management of these institutions who are the only beneficiaries of the economic destruction wreaked by their market manipulation. Even at the very faintest mention of the Tobin Tax on financial transactions they are manipulating the market downwards to increase the pressure on the Euro and the so-called peripheral countries”. "The political implications of the Merkel Sarkozy deal are very wide-ranging and, at a time when many are already questioning the very basis of the EU and most especially the basis of the Euro, they propose an acceleration to even greater EU integration”. "As an initial step they suggest an enlarged role for EU president Von Rompuy - but he is scheduled to leave in 6 months. Are they suggesting that the anonymous Mr Von Rumpuy should continue in office or are they suggesting that the office itself would have these powers? In either event these proposed new powers are an exact throwback to the proposed role for the EU president as envisaged in the discredited and democratically rejected EU constitution. Are we now to get the EC constitution by the backdoor? “It is widely accepted that we have lost our economic sovereignty and yet we are assured daily by this government that the massive cutbacks and hardship being suffered by the people is putting us on the path to rapidly regain that sovereignty. It is obvious that if and when these proposals filter through into reality that our economic sovereignty is surrendered in perpetuity. How long then until our final shred of independence in foreign policy is also gone? Where is democracy in all this debate? Where is the right of people to participate in decision making? Will there be a referendum – will it be respected?” “Germany and France have usurped the powers of the Council of Ministers. These new proposals rapidly advance the scenario which we predicted during both the Nice and Lisbon Referendum campaigns of a powerful and unelected centre dominating the EU, eroding on the powers of national parliaments and increasing the democratic deficit. In the interest of democracy and the needs of the people of Ireland they must be defeated.” |
View Full Comment Text
save preference
Comments (5 of 5)