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People’s Movement Calls for the Government to Abandon Treaty Referendum

category international | eu | press release author Thursday May 10, 2012 13:27author by People's Movement Report this post to the editors

The elections in both Greece and France last weekend have witnessed a resounding rejection of austerity. These results coupled with news last night that Angela Merkel has been forced to postpone 'fiskalpakt' ratification under pressure from parliament, illustrate that the European Union’s intended ‘Austerity Treaty’ is coming away at the seams.

Speaking this morning, the People’s Movement’s Frank Keoghan called on the government to abandon the May 31st referendum.

Mr. Keoghan said “we will be voting to qualify to draw funds from the European Stability Mechanism (ESM), it has not been ratified nor will it ever be ratified. Court cases are pending in Germany, Estonia and Thomas Pringle TD’s case here in Ireland too. These cases are all questioning the constitutional validity of the ESM or the fiscal treaty. We in the People’s Movement are calling for proper time to be given to consider the implication of these challenges and our financial commitment of €11.1 billion to the ESM.”

The People’s Movement is calling for a No Vote on May 31st, if ratified, this treaty promises permanent austerity.

Related Link: http://www.people.ie
author by reluctant voterpublication date Thu May 10, 2012 16:52author address author phone Report this post to the editors

Not a chance of that happening! The elites have too much riding on this such as their precious failed currency called the Euro!
So it aint gonna happen so I'm afraid we are just going to have to go out and vote it down

author by pat cpublication date Fri May 11, 2012 23:59author address author phone Report this post to the editors

Here is the text of the letter Alexis Tsipras sent to Jose Manuel Barroso, Herman Van Rompuy, Martin Schultz and Jean-Claude Juncker. He effectively announced the end of the reign of the Quisling European Commission Occupation Government in Greece.

President of European Central Bank Mario Drago
President of the Eurogroup Jean-Claude Juncker

Athens, Thursday 10 May 2012

Dear Mr. President,

I am sending you this letter after receipt of the exploratory mandate from the Greek President to ascertain the possibility of forming a Government enjoying the confidence of Parliament, under our Constitution. This letter builds upon the previous letter I sent on 21 February.

The vote of the Greek people Sunday May 6th nullifies/delegitimizes/makes illegal the political Memorandum of Understanding / Memorandum of Economic and Financial Policy signed by the previous Papademos government and the leaders of two political parties that had guaranteed the parliamentary majority of his government. Both parties recorded a loss of roughly 3.5 million votes, totaling 33.5% share of total votes.

Please note that before this, the MoU / MEFP had already been delegitimized in terms of its potential for economic success. But it's not just that the Memorandum of Understanding / MEFP failed to achieve its own objectives. It has also failed to address the structural imbalances and inequalities of the Greek economy. SYRIZA noted over the years the inherent weaknesses of the economy. All governments who work closely with the European Union ignored our recommendations for specific reforms.

Please also note that because of the policies of the Memorandum of Understanding / MEFP, Greece in 2012 is the only European country to endure its fifth successive year of deep recession during peacetime. Moreover the Bond Exchange Program (PSI) has failed to ensure the long-term viability of Greek debt which continues rising as a share of GDP. Austerity can in no way be the cure to recession. Therefore the immediate, socially just, reversal of the continuous decline of our economy is imperative.

We must urgently ensure economic and social stability in our country. For this purpose, we must take every political initiative to reverse the austerity and recession. Because apart from the lack of democratic legitimacy, continuing a program of internal devaluation is leading economy to catastrophy without creating conditions for recovery. The internal devaluation tends to lead to a humanitarian crisis.

Thus we need to rethink the entire context of the existing strategy, since it not only threatens Greece's social cohesion and stability, but is also a source of instability for the European Union and the EuroZone itself.

The common future of the European peoples is under the threat of such catastrophic choices. It is our deeply held belief that the economic crisis is of a European nature, and thus the solution must be found at the European level.


Alexis Tsipras

President K.O SYRIZA

Vice President of the European Left Party

author by W. Finnertypublication date Sat May 12, 2012 17:02author address author phone Report this post to the editors

With Greece in mind (home of democracy) ...

President Abraham Lincoln's MONETARY POLICY (a short set of statements reproduced below) is seen by some as one of the world's greatest and most important political declarations: not least because he actually managed to put these ideas into practice during his period in office.


"Money is the creature of law, and the creation of the original issue of money should be maintained as the exclusive monopoly of national government. Money possesses no value to the state other than that given to it by circulation Capital has its proper place and is entitled to every protection. The wages of men should be recognized in the structure of and in the social order as more important than the wages of money [interest]."

"No duty is more imperative for the government than the duty it owes the people to furnish them with a sound and uniform currency, and of regulating the circulation of the medium of exchange so that labour will be protected from a vicious currency [private bank-created, interest-bearing debt], and commerce will be facilitated by cheap and safe exchanges."

"The available supply of gold and silver being wholly inadequate to permit the issuance of coins of intrinsic value or paper currency convertible into coin in the volume required to serve the needs of the People, some other basis for the issue of currency must be developed, and some means other than that of convertibility into coin must be developed to prevent undue fluctuation in the value of paper currency or any other substitute for money of intrinsic value that may come into use.

"The monetary needs of increasing numbers of people advancing towards higher standards of living can and should be met by the government. Such needs can be met by the issue of national currency and credit through the operation of a national banking system. The circulation of a medium of exchange issued and backed by the government can be properly regulated and redundancy of issue avoided by withdrawing from circulation such amounts as may be necessary by taxation, re-deposit and otherwise. Government has the power to regulate the currency and credit of the nation."

"Government should stand behind its currency and credit and the bank deposits of the nation. No individual should suffer a loss of money through depreciation or inflated currency or Bank bankruptcy."

"Government, possessing the power to create and issue currency and credit as money and enjoying the right to withdraw both currency and credit from circulation by taxation and otherwise, need not and should not borrow capital at interest [from the private banking system or their affiliates] as a means of financing government work and public enterprise. The government should create issue and circulate all the currency and credit needed to satisfy the spending power of the government and the buying power of consumers. The privilege of creating and issuing money is not only the supreme prerogative of government, but it is the government's greatest creative opportunity."

"By the adoption of these principles, the long-felt want for a uniform medium will be satisfied. The taxpayers will be saved immense sums of interest, discounts, and exchanges. The financing of all public enterprises, the maintenance of stable government and ordered progress, and the conduct of the Treasury will become matters of practical administration. The people can and will be furnished with a currency as safe as their own government. Money will cease to be the master and become the servant of humanity. Democracy will rise superior to the money power. "

Abraham Lincoln, Senate document 23, Page 91. 1865.


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