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ESM Stroke politics = New National Disaster
national |
eu |
opinion/analysis
Wednesday April 04, 2012 01:10 by O.O´C. - People´s Movement post at people dot ie 25 Shanowen Crescent, Dublin 9 087230830
The Government hopes to pull a stroke within the next few weeks that could be as disastrous politically for this country as the blanket bank guarantee of 2008 has been socially and economically. The stroke? Sign up, virtually ‘on the q.t.,’ to a new permanent euro-zone bail-out fund, the European Stability Mechanism, to which Ireland will be “irrevocably and unconditionally” obliged to the tune of €11 billion, while all the time making great palaver about holding a referendum on the Fiscal Compact Treaty. Yet together the European Stability Mechanism and the Fiscal Compact Treaty represent quite fundamental moves in the direction of a qualitatively different euro zone from the one established under the Maastricht Treaty in 1992. |
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