Category Archives: Euro / Sovereign Money

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

What would happen if Ireland left the Euro?


Emmett O’Connell – The Consequences of Monetary Union (1972); The Economist – Coming In From The Cold, Lessons from Iceland: … the extra cost to a country of not standing by its banks can be surprisingly small… the benefits to … Continue reading

Posted in ECB/IMF, Economy, EU, Euro / Sovereign Money, iceland, Independence/Nationalism, ireland, Solutions | 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

Euro-spawned divergent growth and inflation caused external payments imbalances


Euro-spawned divergent growth and inflation caused external payments imbalances. Government profligacy did not divide ‘saints’ from ‘sinners’. In the good years Germany was a near-sinner. Its budget deficit exceeded the Eurozone average and was a whisker below the 3% Maastricht … Continue reading

Posted in Accountability, Austerity / Cutbacks, Bankers' Bailout, Budget, Commodities & Cost of Living, Economy, EU, Euro / Sovereign Money, Fiscal Compact Treaty, Germany, ireland, 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

Lombard Street: “structure of the euro worsened divergences naturally arising from the differences between countries”


The structure of the euro worsened divergences naturally arising from the differences between the countries. The Dutch and Germans felt poorer than they actually were, the Spanish richer – and the low interest rates that were perceived as a benefit … Continue reading

Posted in Commodities & Cost of Living, ECB/IMF, Economy, EU, Euro / Sovereign Money, eurozone, Geopolitics, Germany, Greece, Housing Bubble, ireland, Leo Varadkar versus the World, Spain | 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

People’s Movement budget demonstration: European Parliament office, Molesworth Street Dublin, Tue. 6 Dec. 1 pm


People’s Movement budget demonstration Assemble at the European Parliament office (Molesworth Street) Dublin. Tuesday 6 December, 1 p.m.

Posted in Accountability, Action Stations, Austerity / Cutbacks, Budget, ECB/IMF, EFSF / European Financial Stability Fund, EU, Euro / Sovereign Money, Independence/Nationalism, ireland | Tagged , , | Leave a comment

[UPDATE – Papandreou fires military chiefs] You read it here first: A Greek Coup? Part 3 of a continuing series…


2/November, 2011. EUobserver.com – As government verges on collapse, Papandreou fires military chiefs: …in a development that has stoked fears of a potential military coup in the country, Papandreou on Tuesday also fired the entire high command of the armed … Continue reading

Posted in Civil Disobedience, Civil Rights & Liberties, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, Geopolitics, Greece, Human Rights, Intelligence / Securocrats, War & Peace | Tagged , , | Leave a comment

Connect the dots? Greek government buys 400 tanks . . . (dot, dot, dot)


June 25, 2011: Greek Coup to force exit from Euro?  – John Mauldin, “Outside the Box” Newsletter: To go back to the drachma would require a bank holiday for a week, and it would have to be a surprise move. … Continue reading

Posted in Civil Disobedience, ECB/IMF, Economy, EU, Euro / Sovereign Money, eurozone, Geopolitics, Germany, Greece, Human Rights, USA / America | Tagged , , , , , , , | 1 Comment

All I know is that there were rumours… Irish / German central bank printing backup punts / deutschemarks?


The Guardian / Alan McQuaid, chief economist at Bloxham stockbrokers in Dublin – What if Ireland pulls out of the euro and prints punts? Rumours abound in Dublin that the Irish central bank is back printing punts just in case … Continue reading

Posted in EU, Euro / Sovereign Money, ireland, Solutions | Tagged , , | Leave a comment

Conor McCabe – Raymond Crotty Memorial Lecture 2011: Rancher & Banking Interests in the Irish Economy. Pearse Centre, Dublin @ 2:30pm, Saturday 15 October.


Raymond Crotty Memorial Lecture 2011 – Conor McCabe: Rancher & Banking Interests in the Irish Economy Dr. Conor McCabe will deliver the Raymond Crotty Memorial Lecture for 2011 in the Pearse Centre (27 Pearse Street), Dublin, at 2:30 p.m. on … Continue reading

Posted in Bankers' Bailout, ECB/IMF, Economy, Elections, Emigration, EU, Euro / Sovereign Money, Geopolitics, History, Housing Bubble, Independence/Nationalism, ireland | Tagged , , , , | Leave a comment

Important Conference – The EU in crisis: Prospects for regaining Ireland’s sovereignty. 7-8 October 2011


The EU in crisis Prospects for regaining Ireland’s sovereignty. Friday-Saturday 7-8 October 2011 The Ireland Institute 27 Pearse Street Dublin 2 Friday 7 October 7.30pm Was ‘Social Europe’ a con? Speakers: David Begg, General Secretary, ICTU Alex Gordon, General President … Continue reading

Posted in Action Stations, Austerity / Cutbacks, Budget, ECB/IMF, Economy, Euro / Sovereign Money, Geopolitics, History, Independence/Nationalism, ireland, Sovereignty | Tagged , , | Leave a comment

Greece is the word…


News from the past seven days… MarketWatch – Greece should default, exit euro, Roubini says; ZeroHedge – Germany Demands “Managed” Greek Default And 50% Bond Haircuts In Exchange For Expanding EFSF, Peripheral “Firewall”; Spiegel – ‘We Won’t Pay’ Greece’s Middle … Continue reading

Posted in Austerity / Cutbacks, Budget, Civil Disobedience, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, eurozone, Geopolitics, Germany, Greece, Health | Tagged , , | Leave a comment

Yanis Varoufakis in Ireland: Understanding the Euro Crisis


I am in Dublin on a series of talks, interviews and discussions through which I hope (a) to spread the word for the Modest Proposal and (b) to learn from this amazing small country’s experiences. Today’s (personal) highlight was meeting … Continue reading

Posted in Austerity / Cutbacks, Bankers' Bailout, Budget, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, Eurobonds, Geopolitics, Greece, ireland, Solutions | Tagged , , | Leave a comment

On Vincent Browne: Marshall Auerback – Will Greece Default? Should Ireland Leave the Euro?


http://www.tv3.ie/videos.php?video=40371&locID=1.65.169 Tonight with Vincent Browne Thu 22 Sept: 11.05pm Vincent and his panel of guests debate whether Ireland should abandon the Euro.

Posted in Audio/Video, Debt Default/Restructuring, Economy, EU, Euro / Sovereign Money, Greece, ireland | Tagged , , | Leave a comment

The Crisis of Europe and European Nationalism (George Friedman/StratFor)


The Crisis of Europe and European Nationalism is republished with permission of STRATFOR. When I visited Europe in 2008 and before, the idea that Europe was not going to emerge as one united political entity was regarded as heresy by … Continue reading

Posted in Austerity / Cutbacks, Economy, EU, Euro / Sovereign Money, France, Geopolitics, Germany, Greece, History, Ideology, imperial, Independence/Nationalism, NATO, USA / America, War & Peace | 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

Eurobonds ruled out by France and Germany? (People’s Movement)


The German and French governments have ruled out eurobonds as a solution to the euro-zone debt crisis. The German minister for finance, Wolfgang Schäuble, said: “I rule out eurobonds for as long as member-states conduct their own financial policies, and … Continue reading

Posted in Budget, ECB/IMF, Economy, Euro / Sovereign Money, Eurobonds, France, Geopolitics, Germany | Tagged , , , | Leave a comment

Good Europeans: German Constitutional Court to be taken to European Court of Human Rights (People’s Movement)


The German Constitutional Court has announced that it will present its ruling on the challenge against the euro-zone bail-out on 7 September. Separately, the Europolis Group, made up of fifty-five German entrepreneurs, has announced that they will take the German … Continue reading

Posted in Accountability, Bankers' Bailout, Civil Rights & Liberties, ECB/IMF, EFSF / European Financial Stability Fund, EU, Euro / Sovereign Money, Germany | 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

Auf Wiedersehen… Yet? Is Germany Preparing to Exit the Euro?


New Economic Perspectives / Marshall Auerback – A Tale of Three Germanys: Is Germany Preparing to Exit the Euro?: The Germans were willing to go into a currency union because by construction that agreement removed the weapon exchange rate depreciation … Continue reading

Posted in Austerity / Cutbacks, Bankers' Bailout, Budget, Civil Disobedience, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, France, Geopolitics, Germany, Greece, Independence/Nationalism, ireland, Solutions | 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