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
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Review: Do Religions Evolve? Mon Aug 14, 2017 19:54 | Dara McHugh
Spirit of Contradiction >>
Interested in maladministration. Estd. 2005
Oliver Callan: Back in his box
Elaine Byrne: Lacking moral courage to name names Anthony
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Public Services Card: Some still forced to comply Anthony
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Public Inquiry >>
A bird's eye view of the vineyard
US Department Of State Is Butthurt By SouthFront Work, Once Again Fri May 29, 2020 20:16 | amarynth
South Front The fog of war over the censorship of SouthFront on YouTube and Facebook has cleared away. As we wrote earlier, SouthFront was attacked because of our coverage of
Who Rules the World and How? Fri May 29, 2020 19:40 | The Saker
by Francis Lee for The Saker Blog Unquestionably, the world ? circa 2020 – seems currently to be moving away from democratic forms of rule and transmuting into more totalitarian
Russian fighters intercept us B-1B over the Black Sea Fri May 29, 2020 17:51 | The Saker
Turkish Army Suffers Casualties In Southern Idlib Thu May 28, 2020 23:32 | amarynth
South Front One Turkish soldier died and another was injured in an IED attack in Syria?s southern Idlib, the Turkish Defense Ministry reported late on May 27. The incident happened
India, China teeter toward a border clash Thu May 28, 2020 23:28 | amarynth
Both sides have sent reinforcements to disputed Ladakh line, as Beijing flexes its muscles around Asia by Pepe Escobar – posted with permission It would be counter-productive for BRICS and
The Saker >>
ESM Stroke politics = New National Disaster
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.
Under the new regime virtually the whole area of budgetary policy will be removed from the national level to the supranational level of the euro zone, without a referendum.
The ESM treaty describes the two treaties as being “complementary.” So why not a referendum on both treaties? Legal advice from none other than the Attorney-General.
The present incumbent of that position, Marie Whelan SC? No. Her predecessor, Paul Gallagher SC, advised the previous Government that there was no constitutional problem in not holding a referendum.
It will be recalled that Gallagher also advised that Government on the night of the blanket guarantee for the Irish banks in September 2008.
So a change of Government did not result in a new, more independent approach to a developing euro-zone fiscal union, any more than it meant any real and significant loosening of the financial servitude imposed on the country by the previous Government. All done for the good of Irish banking interests and the German and French banks from whom they had borrowed.
Even at this late stage it is not too late to demand that the Attorney-General advises on the constitutionality of what the Government is trying to do—particularly in the light of the fact that there are significant differences between the earlier ESM Treaty that the previous Attorney-General advised on and the second version.
Under the ESM Treaty mark 2, any money from the permanent bail-out fund would be given only to states that had inserted the so-called permanent budget rule or “debt brake” in their constitutions or equivalent.