News updates: Constitutional challenge to the ESM Treaty in Ireland / Proposals for EU political union

  • The Irish Times – Wednesday, June 20, 2012: Bailout treaty breaches Constitution, argues TD;
  • The Irish Times – Wednesday, June 20, 2012: German court rules Merkel did not inform MPs on ESM;
  • The Financial Times – June 19, 2012: EU foreign ministers discuss integration; Ten EU foreign ministers have spelt out radical suggestions to use the eurozone debt crisis as a springboard towards closer integration, including creation of a European monetary fund, a European army and a European finance minister;
  • The Financial Times – June 19, 2012: A bitter fallout from a hasty union, By Martin Wolf; I can envisage five outcomes: first, a happy marriage, on Germany’s terms, albeit after a painful period of adjustment; second, a miserable marriage, which endures because a break-up is too costly; third, a degree of mutual accommodation, in which the north becomes more southern and the south more northern; fourth, a partial break-up, with the remaining members moving into one of the three previous categories; and, finally, total break-up. What is certain is that Germany will not get the eurozone it wants easily or swiftly. If partial or total break-up is avoided, the period of difficulty will be long and painful. The crisis of the eurozone is likely to be a very long-running soap opera – if it does not end in tragedy;
  • The Irish Times – Friday, June 22, 2012: German court halts stability fund ratification;
  • The Irish Times – Friday, June 22, 2012: TD seeks injunction to prevent Government ratifying ESM treaty;

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