Category Archives: ESM / European Stability Mechanism

Pay no attention to that crisis behind the Euro


Private Eye, no. 1315, p.12 – ‘The Agri Brigade’ – of interest to the Irish state’s farmers; think the Euro is so great for your business?: … farmers within the eurozone represent UK farmers’ most important competitors… It is a … Continue reading

Posted in Agriculture, ECB/IMF, Economy, ESM / European Stability Mechanism, EU, Euro / Sovereign Money | Leave a comment

Alert: Government Attempts to Pass ESM with Minimal Public Debate


Today – Wednesday, & Tomorrow – Thursday The Government will seek Dail approval of: The Article 136 TFEU amendment to the EU Treaties which authorises the setting up of the permanent Eurozone loan fund, the European Stability Mechanism + A … Continue reading

Posted in Accountability, Action Stations, ESM / European Stability Mechanism, EU, Fiscal Compact Treaty, ireland, Referendum | Tagged , , , , | Leave a comment

4 Reasons the ESM Treaty is illegal


The reasons which lead us to believe that the ESM Treaty as it stands is illegal under EU law and therefore unconstitutional in Ireland The proposal to ratify the European Stability Mechanism Treaty as it stands and to approve the … Continue reading

Posted in Accountability, ESM / European Stability Mechanism, ireland, Referendum | Tagged , , , , | Leave a comment

Last Post of Referendum: If you haven’t yet voted, please read this…


John Corcoran (ICTA) writes in an email: At 8.25 am yesterday morning Paul Krugman and John Corcoran spoke simultaneously on BBC radio and advised the Irish people to vote No in the Fiscal Treaty Referendum.  John spoke on BBC radio … Continue reading

Posted in Action Stations, ESM / European Stability Mechanism, EU, Fiscal Compact Treaty, ireland, Permanent Austerity Treaty, Referendum | Tagged , , | Leave a comment

FINAL UPDATE: Citizen’s Campaign South East – Fiscal/Austerity Treaty Referendum: Public Meetings (Counties Carlow, Kilkenny, Waterford, Wexford)


Update/change: Last public referendum meeting – Wexford Town (Tues 8pm St Josephs) FINAL UPDATE: TUESDAY 29th May           Wexford town Wexford Sinn Féin @St Joseph’s Community Centre, Bishopswater, Wexford Town John Corcoran (Irish Commerical Tenants’ Association) Oisin Ó Conail (Co. Wexford … Continue reading

Posted in Austerity / Cutbacks, Bankers' Bailout, Budget, ECB/IMF, Economy, ESM / European Stability Mechanism, EU, Fiscal Compact Treaty, ireland, Permanent Austerity Treaty, Referendum, Save Our Services | Tagged , , , | Leave a comment

“A Federation for the Eurozone and a Confederation for the rest of the EU”


(Note: The following replaces & corrects earlier version of 7/May) TWO TREATIES FOR THE EUROZONE AND AN AMENDMENT TO  ONE OF THE EU TREATIES  – ALL RELATED TO EACH  OTHER! Reply to Dr Gavin Barrett, Senior Lecturer in European Law, … Continue reading

Posted in Accountability, Austerity / Cutbacks, Bankers' Bailout, ECB/IMF, Economy, EFSF / European Financial Stability Fund, ESM / European Stability Mechanism, EU, Euro / Sovereign Money, Fiscal Compact Treaty, France, Germany, ireland, Promissory Notes, Referendum | Tagged , , , | Leave a comment

A Tale of Two Treaties: Citizens’ Guide


Ireland is being asked to approve two new international treaties and an amendment to the European Union Treaties. These are: 1. Treaty establishing the European Stability Mechanism (called ‘ESM Treaty’) 2. Treaty on Stability Co-ordination and Governance in the Economic … Continue reading

Posted in ESM / European Stability Mechanism, EU, Fiscal Compact Treaty, ireland, Permanent Austerity Treaty, Referendum | Tagged , | Leave a comment

People’s Movement Referendum Campaign


Warning: Permanent Austerity Ahead! The People’s Movement has opened an office in central Dublin for the duration of the referendum campaign on the Permanent Austerity Treaty. The office is at 5 Cavendish Row, directly opposite the Gate Theatre. We are … Continue reading

Posted in Action Stations, Austerity / Cutbacks, Budget, Economy, ESM / European Stability Mechanism, EU, Fiscal Compact Treaty, ireland, Permanent Austerity Treaty, Referendum | Tagged , , | Leave a comment

Reply to Dr Gavin Barrett’s article on the Fiscal Treaty referendum in last Friday’s Irish Times


By Anthony Coughlan, Director, The National Platform EU Research and Information Centre “The Member States whose currency is the euro may establish a stability mechanism to be activated if indispensable to safeguard the stability of the euro area as a … Continue reading

Posted in Budget, ECB/IMF, EFSF / European Financial Stability Fund, ESM / European Stability Mechanism, EU, Euro / Sovereign Money, Fiscal Compact Treaty, ireland, Permanent Austerity Treaty, Promissory Notes, Referendum | Tagged , , | Leave a comment

Ó Cuív says “No”


The Journal.ie– Ó Cuív breaks ranks to advocate No vote in Fiscal Compact: Ó Cuív told the Adhmhaidin show that a No vote against the fiscal compact would lead to the appraisal of the European Stability Mechanism treaty, which is … Continue reading

Posted in Bankers' Bailout, ESM / European Stability Mechanism, EU, Fiscal Compact Treaty, ireland, Permanent Austerity Treaty, Referendum | Tagged , , , | Leave a comment

Automatic Austerity: 10 things you need to know about ’the Fiscal Compact’ (Corporate Europe Observatory)


On the 1st of March 2012, 25 EU heads of state or government will sign a new treaty[1], and if all goes as planned, it will enter into force early next year. The so called ‘Fiscal Compact’ was conceived in … Continue reading

Posted in Austerity / Cutbacks, Bankers' Bailout, Budget, ECB/IMF, Economy, ESM / European Stability Mechanism, EU, Euro / Sovereign Money, Fiscal Compact Treaty, Germany, ireland, Referendum | Tagged , , , , , , , , , , , , | Leave a comment

UPDATE: The “Fiscal Compact” Treaty & Irish Referendum: Pay No Attention to that Article 136 Behind the Curtain!


Treaty text is here. Initial and subsequent drafts here and here and here. BBC Q&A here. Peoples’ Movement – Commentary on the EU Permanent Austerity Treaty (Fiscal Compact Treaty); NationalPlatform.org – We need to postpone ratifying the ESM Treaty until … Continue reading

Posted in Austerity / Cutbacks, ECB/IMF, Economy, ESM / European Stability Mechanism, EU, Euro / Sovereign Money, Fiscal Compact Treaty, Independence/Nationalism, ireland, Referendum | Tagged , , , | Leave a comment

Desmond Greaves Summer School: “Economist sees Irish echoes of US crisis” – Irish Times


From The Irish Times – Economist sees Irish echoes of US crisis: “The closest decade to this one as far as real growth in gross domestic product was the 1930s. There was 1.3 per cent growth per year then, and … Continue reading

Posted in Action Stations, Austerity / Cutbacks, Bankers' Bailout, Breaking News, Budget, Civil Rights & Liberties, Debt Default/Restructuring, ECB/IMF, Economy, ESM / European Stability Mechanism, EU, Euro / Sovereign Money, Geopolitics, History, Housing Bubble, Ideology, Independence/Nationalism, ireland, Solutions, Taxation | Tagged , , , , , , , , | Leave a comment

Vote on European Financial Stability Fund (EFSF) in the offing – People’s Movement


Will we approve the ESM without a referendum? Ollie Rehn has said that he expects euro-zone countries to quickly agree—by September at the latest—to widen the scope of the European Financial Stability Fund that was agreed at a summit meeting … Continue reading

Posted in Accountability, Budget, Civil Rights & Liberties, ECB/IMF, EFSF / European Financial Stability Fund, Elections, ESM / European Stability Mechanism, EU, Geopolitics, Germany, ireland | Tagged , , , , , , , | Leave a comment

France, Germany agree transaction tax for “true European economic government” (People’s Movement)


The Germans and French agree again! France and Germany have agreed plans for a transaction tax as part of a deal to set up a new “true European economic government” for the euro zone; but they demand that the tax … Continue reading

Posted in Bankers' Bailout, Budget, ECB/IMF, Economy, ESM / European Stability Mechanism, EU, Euro / Sovereign Money, Geopolitics, Germany, Greece, Housing Bubble, ireland, Taxation | Tagged , , , , | Leave a comment

Sarkozy and Merkel want eurozone “government” (People’s Movement))


Twice-yearly summits of the heads of the seventeen euro-zone governments are to become the “cornerstone” of the new economic government of the euro-zone, according to Nicolas Sarkozy and Angela Merkel. They are also pushing all seventeen states that use the … Continue reading

Posted in Austerity / Cutbacks, Budget, ECB/IMF, Economy, ESM / European Stability Mechanism, EU, Euro / Sovereign Money, France, Geopolitics, Germany, Ideology, Independence/Nationalism, ireland, Superstate | Tagged , , , , , , , , , , , , | Leave a comment

There is still a little time left for Ireland to foil this power grab by the Eurozone elite (National Platform)


This ESM Treaty is the first use of the “self-amending” Article 48.6 TEU of the EU Treaties which was inserted by the Treaty of Lisbon. It is seen by the Fine Gael-Labour Government, as well as by its Fianna Fail … Continue reading

Posted in Accountability, Austerity / Cutbacks, Bankers' Bailout, Budget, Civil Rights & Liberties, ECB/IMF, Economy, ESM / European Stability Mechanism, EU, Euro / Sovereign Money, France, Geopolitics, Germany, Housing Bubble, Independence/Nationalism, ireland, UK / Britain | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Leaked from Citigroup: Plutonomy, Part 2 (2006)


  Citigroup Equity Strategy Revisiting Plutonomy: The Rich Getting Richer March 5, 2006 Global ➤ The latest Survey of Consumer Finances, for 2004, has been released by the Federal Reserve. It shows the rich continue to account for a disproportionately … Continue reading

Posted in Austerity / Cutbacks, Bankers' Bailout, Budget, ECB/IMF, Economy, EFSF / European Financial Stability Fund, ESM / European Stability Mechanism, EU, Ideology, Privatisation | Tagged , , | Leave a comment

Delors – “The Euro, like Europe, is on the brink”


EUobserver.com – Delors: EU is ‘on brink’ of collapse: Former EU commission head Delors has in an op-ed published in Belgian daily Le Soir and Swiss daily Le Temps said the euro and the EU are “on the brink” of … Continue reading

Posted in ECB/IMF, Economy, EFSF / European Financial Stability Fund, ESM / European Stability Mechanism, EU, Euro / Sovereign Money, Geopolitics | Tagged , , , , | Leave a comment

Leaked from Citigroup: Plutonomy, Part 1 (2005)


In the public interest, and for political discussion, we reproduce the following source material (Citigroup_Oct_16_2005_Plutonomy_Report_Part_1_PDF) referenced in the following articles: The Atlantic – Can the Middle Class Be Saved?; The Wall Street Journal Wealth Report – Plutonomics; Daily Kos – … Continue reading

Posted in Bankers' Bailout, Budget, ECB/IMF, Economy, EFSF / European Financial Stability Fund, ESM / European Stability Mechanism, EU, Euro / Sovereign Money, Ideology, ireland, Taxation | Tagged , , | Leave a comment

ECB helps Italy and Spain? (People’s Movement)


The European Central Bank has gone back to the markets to buy bonds after a five-month pause in an attempt to stop the crisis from spilling to Italy and Spain. “If we intervene, we intervene, and we’ll publish the amount … Continue reading

Posted in Bankers' Bailout, ECB/IMF, Economy, EFSF / European Financial Stability Fund, ESM / European Stability Mechanism, EU, Euro / Sovereign Money, Geopolitics, Germany, Greece, Italy, Spain | Tagged , , , , | Leave a comment

Germany owns Europe: during boom bankers went out way to get dirty, needed to go abroad to (Vanity Fair/Michael Lewis)


From Michael Lewis in Vanity Fair – It’s the Economy, Dummkopf! The Greeks not only have massive debts but are still running big deficits. Trapped by an artificially strong currency, they cannot turn these deficits into surpluses, even if they … Continue reading

Posted in Accountability, Bankers' Bailout, Budget, ECB/IMF, Economy, EFSF / European Financial Stability Fund, ESM / European Stability Mechanism, EU, Euro / Sovereign Money, Geopolitics, Germany, Greece, Housing Bubble, ireland, Superstate | Leave a comment

The European Stability Mechanism (ESM) in a nutshell (People’s Movement)


What is the European Stability Mechanism? From 2013 the ESM will have the responsibility for providing loans to euro-zone member-states in difficulties—strictly conditional on the implementation of a range of “adjustment measures” and if the granting of the assistance is … Continue reading

Posted in Bankers' Bailout, Budget, ECB/IMF, ESM / European Stability Mechanism | Tagged , | Leave a comment

“In Italy we are seeing not just a run on a bank; this is a run on a country.” – David McWilliams


From David McWilliams – What happens if Germany says enough?: On the main road out of Milan to Lugano in Switzerland, the Italian police, under instruction from the Guardia di Finanza, were stopping everyone. They were searching all cars, trucks … Continue reading

Posted in Bank Run, Breaking News, Civil Disobedience, Debt Default/Restructuring, ECB/IMF, Economy, EFSF / European Financial Stability Fund, ESM / European Stability Mechanism, EU, Euro / Sovereign Money, Italy | Tagged , , , | Leave a comment

The ECB Job (2)


Telegraph – Financial crisis; Italy could tip euro into abyss: The relentless plunge of financial markets will lurch into a more dangerous phase that could take the global economy over the brink of disaster, unless the European Central Bank starts … Continue reading

Posted in Bankers' Bailout, Debt Default/Restructuring, ECB/IMF, Economy, EFSF / European Financial Stability Fund, ESM / European Stability Mechanism, EU, Euro / Sovereign Money, Geopolitics, Greece, ireland, Italy | Tagged , , , , , , , , , , , | Leave a comment