Anti-German feeling is prevalent in Ireland. One hears it vehemently expressed in the most general terms at public meetings dealing with the economic crisis and even in everyday conversation.A greater amount of caution needs to be exercised concerning such sentiments. The ordinary German citizen is not responsible for the actions of the German banks and thei […]
EU Observer reports that a member of the board of the European Central Bank, Jörg Asmussen, has said that euro-zone states need to give up more sovereignty in order to fix the construction flaws of the euro, with the bail-out fund possibly turning into a budget authority further down the road. “We have construction mistakes of Economic and Monetary Union, an […]
The German chancellor, Angela Merkel, has said the euro zone was moving inevitably towards a “political union,” requiring countries to cede more sovereignty and leading to more of a multi-speed Europe, with non-euro states in the slow lane. “We need more Europe, we need not only a monetary union, but we also need a so-called fiscal union, in other words more […]
One aspect of the voting pattern in the referendum on the Fiscal Compact Treaty on 31 May last that was strangely remarked upon by, among others, the Financial Times and the Economist was what the Financial Times called the “class divide” that it revealed.Five constituencies voted No, three of them Dublin working-class constituencies—Dublin North-West, Dubli […]
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 motion to approve the ESM Treaty which is authorized by this amendment + A motion to approve future Government spend […]