For Your Information: Euro Government, National Currency

  • Hollande calls for euro government to beat recession – EUobserver.com
    COMMENT: Clearly the “logic” of the Eurozone is to move towards further economic integration in order to “save the euro”, even though most ordinary citizens across the Eurozone do not want this, for of course one cannot have a European or Eurozone democracy without a European “demos” , and the latter does not exist and cannot be created artificially.

    If further Eurozone integration moves happen however, the UK is likely to get ever more disengaged from the EU, and it certainly will not join the Eurozone.

    If we go along with further Eurozone integation moves, as most of our politicians will be inclined to do, it will surely mean that the political/economic division between North and South of Ireland will get deeper.

    That would surely be an ironical way of commemorating the centenary of the Easter Rising in 1916, and the aspiration of the 1916 Proclamation for the establishment of an independent democratic State in “unfettered control of Irish destinies”.

    And what will be left of our low-level Corporation Tax Rate in the more integrated Eurozone which M. Hollande envisages?

    A. Coughlan

  • National parliaments eclipsed by EU powers – EUobserver.com
  • France’s triumphant ‘Joan of Arc’ vows to bring back franc and destroy euro – Telegraph

For Your Information: Kohl confesses to euro’s undemocratic beginnings

From The Irish Times (World News on page 9), Monday 8 April 2013

KOHL CLAIMS HE STAYED ON AS CHANCELLOR TO ENSURE GERMANY JOINED EURO ZONE

Derek Scally
in Berlin

Helmut Kohl has said he stayed on as chancellor until his political defeat in 1998 because he doubted anyone else had the political authority to guarantee Germany’s entry to the European single currency.

In an interview, Dr Kohl said he sensed considerable resistance in his Chrstian Democratic Union (CDU) both to the euro and to bis anointed successor, Wolfgang Schauble.

Rather than risk his political legacy by standing down and handing over responsibility to Dr Schauble, Dr Kohl stayed on despite falling popularity ratings to push through the euro “like a dictator”.

“Dr Schauble is a very talented man, that is beyond discussion, but this . . . was something someone with full authority had to tackle,” said Dr Kohl in an interview conducted in 2002 for a doctoral thesis and just published by its author, journalist Jens Peter Paul. The former chancellor said he did not dare hold a referendumon the single currency in Germany because “of course I would have lost”.

“We had lots of people in the CDU who spoke out” [against the euro] he said. “No one said ‘I reject this’ but. . .[they would say] ‘we will do this but we will postpone things again for a few years’.”

Dr Kohl added that he linked his “political existence to the project”, and that he wanted the introduction of the euro because “it was a question of the continuity, the irreversibility, of the European project”.

DOUBTS ABOUT SCHAUBLE

Adding to the uncertainty on the euro, he said, were doubts about Dr Schauble’s political authority because of his physical disability – the result of an assassination attempt in 1990.

“What most [CDU] people thought – though they never said in my presence – was that someone in a wee wheelchair couldn’t be chancellor,” said Dr Kohl. “I was always passionately of the opposite view, citing the example of Franklin D.Roosevelt, who won the second World War, but I was never in a majority with this view.”

Much of the resistance in Germany, Dr Kohl said, was to the idea of a currency union without the foundation of a fiscal and economic union. He admitted the euro’s introduction probably cost him the 1998 election. But on reflection he said it was worth it to secure the euro and end centuries of tensions in Europe that led to war.

“I am a power person. A chancellor has to be if he’s to get something through and, if he is smart, he knows that now is the time to push something through,” he said. “In one case I was like a dictator, and that was with the euro.”

For Your Information

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;

News Updates: Irish Parliament Abdicates Legislation, Who are the Bond-Holders? EU Propaganda Junkets

Open Europe
Press Summary Archive
11 October 2010
http://www.openeurope.org.uk/media-centre/summary.aspx?id=1204

The Irish edition of the Sunday Times reported that Edmund Honohan, Master of the Irish High Court, has accused the Irish Parliament of failing to assert Irish legislation over new laws from Brussels and delegating much of the workload involved in scrutinising EU law to civil servants.


http://www.swp.ie/editorial/who-are-bond-holders/3669
Who are the Bond-holders?
SWP / Kieran Allen, 08/10/2010

‘We must re-assure the bondholders about the economy’. This line is trotted out daily in the Irish media. But who are these bondholders? The strange feature of current debates is that the Irish people never get told to whom we are supposed to pay all these debts […]

Last Saturday the Financial Times published data on bondholders for Irish government debt. The figures relate to July 2010 when European banks were asked to provide information to the Committee of European Banking Supervisors as part of a stress test. Although the data is a few months old, we may reasonably assume that the pattern has not changed when interest rates shot up to 6.5%. It should be noted that the figures below pertain only to Irish state debt. We still do not know who the bondholders of Anglo-Irish or the wider banking system because this is supposed to be ‘commercially secret’ information. Read it carefully and you will get an insight into the shocking skulduggery that is going on here.

TOP 10 BANKS WHO HOLD IRISH GOVERNMENT BONDS

    1. Royal bank of Scotland £4.3 billion
    2. Allied Irish banks €4.1 billion
    3. Bank of Ireland €1.2 billion
    4. Credit Agricole €929 million
    5. HSBC $816 million
    6. Danske Bank €655 million
    7. BNP Paribas €571 million
    8. Groupe BPCE €491 million
    9. Societe Generale €453 million
    10. Banco BP1 €408 million

The Royal Bank of Scotland is owned by the British government and Peter Sutherland was one of its directors until 2009. Sutherland often lectures the Irish population on the need for cutbacks – but he never reveals this link. The big surprise, however, is that the two biggest bondholders are Irish Banks. The people of Ireland have already put €7 billion in these two banks – but they then screw us twice by lending back our own money at higher interest rates. Imagine working class taxpayers delivering billions at the front door of the bank and then the directors scurrying around the back door to lend us back our own money and to call for more sacrifices. It is time to end this madness now.


http://synonblog.dailymail.co.uk/2010/10/is-this-how-the-eu-got-a-yes-to-lisbon-from-the-irish.html
Is this how the EU got a Yes to Lisbon from the Irish?
Daily Mail Ireland Online / Mary Ellen Synon, 7 October 2010

The European Commission has just flown 15 Irish journalists to Brussels for a two-day ‘information visit’. Or as those of us who know Brussels and talk straight would put it, for a two-day, two-night taxpayer-funded propaganda junket at a four-star hotel.

Ireland and the other eurozone countries might be suffering savage spending cuts, but the EU self-publicity budget thrives: in 2008 the Open Europe think-tank calculated that the EU was spending at least €2 billion a year on ‘information’.

Much of it bent, which is to say, propaganda. The commission actually admits that its information is bent. One of its publications declares: ‘Genuine communication by the European Union cannot be reduced to the mere provision of information.’

The EU propaganda machine pumps money into lobby groups that support ‘ever closer union’. They push propaganda into schools. And almost more than anything else, they target the Press. Journalists are offered ‘free’ trips and training (yes, just like Scientology offers training). The EU gives out cash prizes to on-message journalists.

A parliamentary Press official told me this week that a large number of Irish news organisations are given free flights to Strasbourg to cover the parliament, plus €360 in cash for expenses. (The Irish Daily Mail takes none of these taxpayer-funded handouts.)

 

[…]I got myself into the middle of it to hear what it was the commission and parliament propaganda machine would say to these 15 EU-innocents coming from Dublin. I cut the hotel and the other freebies – I live in Brussels – and stuck to the meetings. Meanwhile the journalists piled off their EU taxpayer-funded €377-a-head flight and into their EU taxpayer-funded rooms at the Hotel Manos Stephanie (’the Louis XV furniture, marble lobby and plentiful antiques set a standard of elegance rarely encountered,’ the hotel brags, and so it should since the rate is listed at €295 a night for a single room).

I said ‘No, thanks’ to the swish free lunch (well, not free to the taxpayers: it cost taxpayers €30 for each journo) in the private dining room at the European Parliament on Tuesday. It wasn’t hard to say No. The truth is I get gag-reflex when someone offers me taxpayer-funded food. I can never get that line from Abraham Lincoln out of my head, about the lure of ‘the same old serpent that says you work and I eat’.

I only wanted to be there to see how the propaganda machine would seek to mislead. For example: one theme that turned up in briefings on the economy was that the euro had nothing to do with Ireland’s economic disaster, nor indeed with any economic disaster anywhere in Europe.

Yet it was the low interest rates of the early years of the euro that set fire to our property bubble. It was the illusion of eurozone convergence that allowed our banks to suck in billions from saver-countries such as Germany.

The propaganda orthodoxy in the EU will admit no such damage. What the Irish journalists were given this week was the Bart Simpson excuse for the damage done by the euro: ‘I didn’t do it. Nobody saw me.’ This wasn’t information, it was a propaganda pitch.

[…] One of the meetings the Press officers had arranged was a session with five Irish members of the European Parliament.
[…] I thought I’d try to put the concerns of these politicians about the economy into Brussels-perspective. Remember, we were talking to politicians who will bank a half-million euros just from their salaries over the course of this parliament. Last year I added up some of the perks they get on top, everything from daily allowances to business-class air travel to medical allowances to free disposable contact lenses to reimbursement for 60 sessions a year of mud baths. Being an MEP is a lotto win. How do you stay in sympathy with the unemployed in West Dublin with a life like that?

So I asked the five MEPs to justify the decision last week by the parliament’s budget committee to increase the MEPs’ entertainment budget for 2011 by 85 per cent. How could they justify that, given the suffering of people across Europe?

The five said they’d heard about no such thing. Mr de Rossa even denied there was an entertainment budget for MEPs. He suggested that newspapers had made up the story.

Since I was one of the journalists who had reported the story, I knew it had not been made up. I’d had my information from Marta Andreasen, an MEP who is a professional accountant. More to the point, she is a member of the parliament’s Budget Committee.

Here are the figures, as from this professional accountant: the MEPs’ entertainment budget for next year has jumped from €1,105,200 to €

2,047,450. Yet the five Irish MEPs at this propaganda-fest denied it in front of 15 Dublin journalists plus me. Unless I could identify the exact budget line for them right then, the MEPs said they wouldn’t admit such a thing could have happened.

The other journalists, unused to the ways of the parliament, couldn’t make anything of it. But I will give credit to Mairéad McGuinness, who, despite being indignant about my suggestion, had her staff check it. She came back to me a couple of hours later with a piece of paper showing the figures for a budget line labelled ‘Entertainment and representation expenses’. There it was: the huge jump in the entertainment budget that the Irish MEPs had all earlier denied could exist.

Half the eurozone is bleeding to death, but the MEPs will take a jump next year of 85 per cent for their ‘entertainment’.

[…]When Miss Day brought her comments around to the new so-called European External Action Service (the euphemism for the new EU diplomatic corps which is going to lead to the closing of many Irish embassies around the world), she assured the Dublin journalists that this vast army of diplomats and embassies would in fact be ‘revenue neutral, except for the first year.’

I waited for someone to ask, ‘But what about the first year, then?’ None of them did. I realised that even the sharp ones weren’t used to listening to eurocrats’ slimy-speak. If they’d asked (I didn’t, it was 6 pm and I was losing the will to go on), and if she’d given a straight answer, the Irish journalists would have learned the shocking truth.

What her propaganda pitch didn’t mention about Catherine Ashton’s new empire was that the new service is in raging cost-overrun. It is going to head for at least ¤33 million over its ¤455 million budget this year already – and it hasn’t even been launched yet.

Thirty-three million over budget in one year, and that is just called a failure to be ‘revenue neutral’. As I said, eurocrats’ slimy-speak. It’s the painful torture of a life in Brussels.

The EU-innocents last night boarded their flight back to Dublin. Before they left, I asked three of them if they’d felt their trip was a good use of taxpayers’ money. All three agreed it was.

I may ask them again after they see the tax increases that Finance Minister Brian Lenihan has planned for them in the next Budget. How strange that some journalists haven’t figured it out yet: there really is no such thing as a free lunch. Just like there’s no such thing as EU ‘information’.

Molann %d blagálaí é seo: