A bird's eye view of the vineyard
Which nation will US Democrats try to destroy in the next 4 years? Thu Jan 21, 2021 02:42 | amarynth
by Ramin Mazaheri (@RaminMazaheri2) and cross-posted with PressTV John Kennedy?s ?Camelot? was a magical time for US leftists. Too bad its promise was not fully realised – his attempted armed
Zone B exists, thus there is hope, I promise you! Thu Jan 21, 2021 00:08 | The Saker
[this column was written for the Unz Review] Dear friends, Today it appears that the triumph of our adversaries is total. I want to post this column saying that I
Hacking the human mind Wed Jan 20, 2021 11:31 | amarynth
The One and Only Significant Story About WHATSAPP’s Privacy Debate By Amir NOUR for the Saker Blog ?It?s only hubris if I fail? (Gaius Julius Caesar) Two years ago, almost
America?s First Revolution Is Happening Now Wed Jan 20, 2021 08:55 | amarynth
by Paul Craig Roberts reposted on the Saker by permission source: https://www.paulcraigrobert... Hear me out and you will understand the title. There is a difference between a rebellion and a
Trump?s Opponents Succeeded With Their Government Coup (Ruslan Ostashko) Wed Jan 20, 2021 06:33 | Leo V.
Translated and subtitled by Leo. A successful coup was staged by opponents of Donald Trump in Washington on January 6. Of course, Joe Biden’s inauguration has not yet taken place,
The Saker >>
Interested in maladministration. Estd. 2005
Mainstream media: Failing to speak truth to power
David Quinn’s selective tolerance Anthony
A Woulfe in judges clothing Anthony
Sarah McInerney and political impartiality Anthony
Did RTE journalists collude against Sinn Fein? Anthony
Public Inquiry >>
A Blog About Human Rights
Poor Living Conditions for Migrants in Southern Italy Mon Jan 18, 2021 10:14 | Human Rights
Right to Water Mon Aug 03, 2020 19:13 | Human Rights
Human Rights Fri Mar 20, 2020 16:33 | Human Rights
Turkish President Calls On Greece To Comply With Human Rights on Syrian Refugee Issues Wed Mar 04, 2020 17:58 | Human Rights
US Holds China To Account For Human Rights Violations Sun Oct 13, 2019 19:12 | Human Rights
Human Rights in Ireland >>
The Party and the Ballot Box Sun Jul 14, 2019 22:24 | Gavin Mendel-Gleason
On The Decline and Fall of The American Empire and Socialism Sat Jan 26, 2019 01:52 | S. Duncan
What is Dogmatism and Why Does It Matter? Wed Mar 21, 2018 08:10 | Sylvia Smith
The Case of Comrade Dallas Mon Mar 19, 2018 19:44 | Sylvia Smith
Review: Do Religions Evolve? Mon Aug 14, 2017 19:54 | Dara McHugh
Spirit of Contradiction >>
No European Stability Mechanism Treaty by stealth - Irish electorate should decide
Thursday September 22, 2011 23:21 by O.O'C - People's Movement info at selisboninfo dot com For further information, contact Kevin McCorry 086 3150301
Oireachtas members and MEP call for referendum
Twenty-six members of the Oireachtas and one MEP, have joined in an initiative with the People’s Movement (which campaigned against the Lisbon Treaty in the two referenda) to demand that the Irish electorate have the determining say by way of referendum on the proposals to establish a permanent eurozone fund by Treaty amendments that will be binding on Ireland.
A letter from the Oireachtas members and the MEP, who include members of various parties as well as Independents, says that the Treaty formally subordinates Ireland’s interests to those of the stability of the euro area as a whole yet there has been an almost total media blackout on the implications and consequences of the ESM for the country.
In a statement last night People’s Movement spokesperson, Kevin McCorry, said that the Government should come clean about the European Stability Mechanism Treaty that Finance Minister Noonan signed in July, a Treaty that commits the State to "irrevocably and unconditionally" contribute some €11 billion towards an Eurozone fund from 2013 onwards with the possibility of demands for further sums down the line.
The People’s Movement is also calling on Fianna Fáil to explain why it apparently supports the Government action in amending the EU Treaties by stealth.
It is reasonable, given the state of our economy, Mr McCorry said, for people to know the full details of the cost and implications to the country of borrowing to meet Ireland’s initial €1.27 billion payment and the remainder of the €11,145,400,000 which all concerned seem happy enough to commit us to pay. What guarantee can they give us that the country will get any benefit?
Also if the State were to receive ESM assistance there are no limits to the "strict conditionality" provisions that might be attached in light of the fact that the Treaty formally subordinates Ireland’s interests to those of "the stability of the euro area as a whole" It would mean a regime of unmitigated austerity for decades to come.
And for whose benefit? Certainly not the people of Ireland.
The full text of the letter is as follows:
"The Government in the coming months will seek to push through the Oireachtas an amendment to one of the two Treaties on which the EU is based authorising the establishment of a permanent Eurozone fund, the European Stability mechanism (ESM), and the ratification of the Treaty that actually establishes
The Treaty which has already been signed but not yet ratified commits the Irish State to irrevocably and unconditionally contribute €11 billion in various forms of capital to the ESM when it is established in 2013 and possibly further sums after that at the behest of Eurozone Finance Ministers when contributions come up for regular review. This will have to be borrowed on the international market.
Weaker economies like Ireland would have to put up cash immediately to cover any short-fall of paid in capital that might arise while triple A rated economies like Germany and France would be put under less financial pressure by being able to fulfil their obligations by way of guarantees.
Assistance from the ESM will only be given on the basis of strict conditionality—these conditions being unspecified and potentially unlimited. If the Irish State were to receive loans or grants or favourable
borrowing facilities from the ESM, these conditions could require the introduction of a balanced budget constitutional amendment or dropping the objection to the harmonization of corporate taxes at EU level.
The Treaty formally subordinates Ireland’s interests to those of the stability of the euro area as a whole yet there has been an almost total media blackout on the implications and consequences of the ESM for the country.
The support of Fianna Fáil for the Government action has further contributed to the managed nature of the whole process. The ESM is part of a package of measures that can only lead to fiscal union in the EU, beginning with stricter controls on budgets and public spending starting with the so-called Euro Plus Pact and soon moving on to a harmonising of taxes.
We believe that the legislation to enable the State to license its establishment and ratify the Treaty setting it up should be put to the Irish people in a constitutional referendum and we urge the Government to let the people decide on this matter of crucial importance for the future of our country"
The signatories are:
Gerry Adams TD, Senator David Cullinane, Clare Daly TD, Dessie Ellis TD, Michael Colreavy TD, Seán Crowe TD, Pearse Doherty TD, Martin Ferris TD, Luke Ming Flanagan TD, Joe Higgins TD, Mary Lou McDonald TD, Finian McGrath TD, Mattie McGrath TD, Sandra McLellan TD, Pádraig Mac Lochlainn TD, Catherine Murphy TD, Paul Murphy MEP, Caoimhghin Ó Caoláin TD, Senator Trevor Ó Clochartaigh, Aengus Ó Snodaigh TD, Maureen O’Sullivan TD, Thomas Pringle TD, Senator Kathryn Reilly, Brian Stanley TD, Peadar Tóibín TD, Mick Wallace TD.