Ok,
We can see what a ‘Yes’ Vote will do, so let’s explore this a little
As the analogy from this Voice suggests, If the people of Ireland decide to vote FOR, the proposed referendum, then surely they will do so, knowing that 76 BILLION Euro must be found somewhere, or at least ‘be seen’ to be found. that is 76 000,000,000 euro.
Now, at this juncture, I have no interest in exploring the outome of a yes/No result, what I am more interested in is the way that both sides of this debate will sell this referendum.
An Taoiseach Enda Kenny, and Finance Minister Michael Noonan have both made early statements about this referendum….to paraphrase……‘this referendum is about whether or not the Irish people wish to remain in the EuorZone..’
Allow this Voice to categorically state that this is BALONEY!
This Referendum , is about deciding if we as a nation wish for our budgets to be controlled by a ‘collective’ (an unelected one at that) and enshrined in our constitution….
So In simple terms, allow this Voice to analyse what a ‘nation changing’ referendum does…..
Pointt 1:
The Fiscal Compact Treaty will contract the Government to a 60% debt ratio of GDP, ergo based upon current figures, a reduction of 76 Billion Euro of debt. Now the last 2 budgets have implemented cuts of circa 7 Billion……so Vote Yes, and you vote for a continuance of Austerity which is Ten Fold……..
Point 2:
If this Referendum is rejected by the people, it does not mean that the Irish Nation will be voting for its choice of staying in Europe. The Fiscal Compact has been drawn up outside of/and external to, the ‘main frame’ of European membership rules. In Short….. this Treaty is a a Financial Debt Controlling document and not a membership document. so DONT buy into the either/or argument.
Point 3:
This referendum reminds this Voice of the ‘Australian Republic’ referendum some 20 years ago…which proposed to its people that Australia would become a Republic in its own right, if its symbolic head of state (Governor General) which was to be called President, and was elected by 2/3 thirds of the majority of the house of Parliament, as representatives of the people, and not directly by the people….. and so the referendum failed.
Not because they didn’t want to be a republic, but because they didnt want to become a republic, based upon those constitutional terms.
Point 4:
And so, If I have it right, if this referendum is rejected by the people, it does not mean that the people wish to depart the EuroZone, they simple do not wish, for their Constitution to be enshrined with a dictact from afar that is seeking to demand cuts/savings/etc…..that are at least ten times more impacting than what we know now.
I proclaim to have no answers, but I do have many questions. and so for now, I leave you with this Part 2 of “The Fiscal Compact Treaty” Please feel free to discuss this
Voice
reclaimthevoice
“The Financial Impact Treaty” ( Part 2)
Posted: March 4, 2012 in CommentTags: 76 Billion Euro, Constitution, Fiscal Compact Treaty, GDP, Ireland
Ok,
We can see what a ‘Yes’ Vote will do, so let’s explore this a little
As the analogy from this Voice suggests, If the people of Ireland decide to vote FOR, the proposed referendum, then surely they will do so, knowing that 76 BILLION Euro must be found somewhere, or at least ‘be seen’ to be found. that is 76 000,000,000 euro.
Now, at this juncture, I have no interest in exploring the outome of a yes/No result, what I am more interested in is the way that both sides of this debate will sell this referendum.
An Taoiseach Enda Kenny, and Finance Minister Michael Noonan have both made early statements about this referendum….to paraphrase……‘this referendum is about whether or not the Irish people wish to remain in the EuorZone..’
Allow this Voice to categorically state that this is BALONEY!
This Referendum , is about deciding if we as a nation wish for our budgets to be controlled by a ‘collective’ (an unelected one at that) and enshrined in our constitution….
So In simple terms, allow this Voice to analyse what a ‘nation changing’ referendum does…..
Pointt 1:
The Fiscal Compact Treaty will contract the Government to a 60% debt ratio of GDP, ergo based upon current figures, a reduction of 76 Billion Euro of debt. Now the last 2 budgets have implemented cuts of circa 7 Billion……so Vote Yes, and you vote for a continuance of Austerity which is Ten Fold……..
Point 2:
If this Referendum is rejected by the people, it does not mean that the Irish Nation will be voting for its choice of staying in Europe. The Fiscal Compact has been drawn up outside of/and external to, the ‘main frame’ of European membership rules. In Short….. this Treaty is a a Financial Debt Controlling document and not a membership document. so DONT buy into the either/or argument.
Point 3:
This referendum reminds this Voice of the ‘Australian Republic’ referendum some 20 years ago…which proposed to its people that Australia would become a Republic in its own right, if its symbolic head of state (Governor General) which was to be called President, and was elected by 2/3 thirds of the majority of the house of Parliament, as representatives of the people, and not directly by the people….. and so the referendum failed.
Not because they didn’t want to be a republic, but because they didnt want to become a republic, based upon those constitutional terms.
Point 4:
And so, If I have it right, if this referendum is rejected by the people, it does not mean that the people wish to depart the EuroZone, they simple do not wish, for their Constitution to be enshrined with a dictact from afar that is seeking to demand cuts/savings/etc…..that are at least ten times more impacting than what we know now.
I proclaim to have no answers, but I do have many questions. and so for now, I leave you with this Part 2 of “The Fiscal Compact Treaty” Please feel free to discuss this
Voice