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People's Movment: Ireland has better options
national |
eu |
press release
Wednesday April 25, 2012 18:07 by O.O'C. - People's Movement 086 3150301
The South East Region of People's Movement, which is a non party political organisation will be campaigning for a No vote in the referendum on 31st May next. The grandly titled "Treaty on Stability, Coordination and Governance in the Economic and Monetary Union" is supposedly about "stability" in the Eurozone. Yet the treaty warns us that money from the new permanent European Stability Mechanism bailout fund will only be given to States that have ratified it. The Economic and Monetary Union which Ireland signed up to under the 1992 Maastricht and 2009 Lisbon Treaties assumed that the 3% and 60% of GDP deficit rules for every Eurozone State would be abided by and enforced by means of the sanctions - warnings, special deposits, fines etc. - which are set out in those treaties.
Most economists regard a permanent balanced budget rule as absurdly inflexible. Governments need to run deficits on occasion to stimulate their economies and expand economic demand when that slumps heavily in their domestic or foreign markets. In considering the possible implications of all this it is worth bearing in mind that in 2014, just two years time, under the Lisbon Treaty Germany's vote in making EU laws will double from its present 8% of total Council votes to 16%, while France's and Italy's vote will go from their present 8% each to 12% each, and Ireland's vote will halve to 1 %.This would be the context in which we had surrendered much of the stuff of national decision making and normal party politics from the arena of democratic consideration and debate. For verification contact and further comment; Kevin McCorry For information on People's Movement check out: http://www.people.ie http://www.irishreferendum.org |
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Comments (3 of 3)
Jump To Comment: 1 2 3How long is Brussels going to pump vast billions into saving the failed Euro Currency?
The Euro is dead. Its time to bury it and move on.
Yes the Euro has absolutely failed. It is a weak currency. But the problem is that the Elites and the political class wont admit that their gamble on the Euro becoming a viable currency has not worked. Some economists have admitted this but the media in this country will not discuss this topic. Sadly many of the smaller grouplets and political parties are afraid to speak out and tell the truth on this issue.
What we have to understand is that 2 elected Prime Ministers in the EU were replaced by technocrats, elected by nobody. 25% of the working population of Spain is now unemployed and will no doubt be in recipt of benifits. How will these benifits be sustainable? The system is currently unsustainable with machines replacing humans at every juncture and our world saturated by product. When an opportunity comes to vote on the future as it is currently portrayed there should be no "gun at the head" of anyone.
Does anyone truly believe that the debt figures are real or that the big powers tell the truth about their deficits or national debt. If people vote yes the final opportunity to be influental will be lost.