Lisbon’s Constitutional Revolution by Stealth

EUROFACTS … 30 November 2009 LISBON TREATY COMES INTO FORCE TODAY, TUESDAY The Lisbon Treaty, which has 99% the same legal effect as the EU Constitution that was rejected by French and Dutch voters in 2005, comes into force on tomorrow, 1 December. The European Union Act 2009 was published at the end of October. [...]

⁂ Banks capture Governments at taxpayers’ expense . . .

Below for your information are some points relevant to Ireland’s current Banking crisis and Finance Minister Lenihan’s proposed NAMA “bad bank” scheme which are excerpted from an article by Willem Buiter, Professor of European Political Economy, London School of Economics. The full article, dated yesterday, 8 April, titled “The green shoots are weeds growing through [...]

⁂ The Banking Crisis – how to solve it: Statement & Relevant articles by Financial Times economist Willem Buiter

The Banking Crisis: Set up temporary “good” State Banks to lend to businesses and households and let the existing insolvent Irish Banks go bust The present policy of Ireland’s mainstream politicians will lead to economic bankruptcy to be followed by political bankruptcy The Irish Banks are fundamentally insolvent without continual infusions of Irish taxpayers’ money. [...]

Daily Telegraph: Will Germany deliver on the Faustian bargain that created monetary union?

DAILY TELEGRAPH Monday 23.2.08 If Der Spiegel is correct, the German finance ministry is drafting rescue plans to prevent default on the edges of the eurozone leading to a full-blown collapse of Europe’s monetary system. By Ambrose Evans-Pritchard This is an entirely appropriate policy in economic terms. One dreads to think what would happen if [...]

⁂ European Central Bank capitulating in face of crisis

Two similar articles from newspapers on the political Right and Left forwarded for your information by Anthony Coughlan: TELEGRAPH Tuesday 24.2.09 ECB faces mutiny from national bank governors as recession deepens – The European Central Bank is capitulating. By Ambrose Evans-Pritchard For months the ECB held sternly to the high ground of orthodoxy as the [...]

The weakness of Euro membership for Ireland

(1.) http://newsweaver.ie/bloxhamresearch/e_article001314795.cfm?x=bf0GvBb,bcgrvNVl Bloxham Morning Note Wednesday, January 14, 2009 Company/Economic News Strategy – Lex pointing out Ireland’s weakness The weakness of Euro membership for Ireland is highlighted into today’s Lex column. With the UK doing what is needed to adjust to the new economic reality and devaluing its currency, Ireland is unable to devalue its [...]

Help Ireland or it will exit euro, economist warns

http://www.telegraph.co.uk/finance/globalbusiness/4285331/Help-Ireland-or-it-will-exit-euro-economist-warns.html Daily Telegraph Help Ireland or it will exit euro, economist warns A leading Irish economist has called on Dublin to threaten withdrawal from the euro unless Europe’s big powers do more to rescue Ireland’s economy. By Ambrose Evans-Pritchard 19 Jan 2009 David McWilliams, a former official at the Irish central bank, has said that [...]

*Lisbon: mandatory tax harmonisation

The Lisbon Treaty amendment on EU harmonized taxes which has not been publicly mentioned so far in Ireland’s referendum debate Article  2.79 of the Lisbon Treaty would insert a six-word amendment -”and to avoid distorton of competition” – into the Article of the existing European Treaties dealing with harmonising indirect taxes – Article 113. The [...]

[28/02/2006] German unemployment over 5 million

*** GERMAN UNEMPLOYMENT OVER 5 MILLION The number of German uemployed has risen by 408,000 to over 5 million in January, pushing up the unemployment rate by 1 point to 12.1 percent. So much for the job-generating powers of the euro-currency in Europe’s bigest economy.

[15/12/2005] ICTU’S David Begg, Morning Ireland and “racist” comments on immigration

Open Letter from Anthony Coughlan __________________________ TO: Ms Aine Lawlor Morning Ireland, RTE, Dublin 4 Wednesday, 14 December 2005 Dear Aine Lawlor, I was amused to hear you interview ICTU’s David Begg on “Morning Ireland” today re the Irish Ferries dispute and to hear him expatiating on what he termed the problems that arise from [...]

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