Comhar Críostaí - CSP - Comhar Críostaí - CSP

Permanent Austerity Treaty – Lets get real about the Euro

Christian Solidarity will be advising all to give a resounding and clear NO to the Treaty. Lets delve into the party’s rational behind the ‘NO’. There are essentially two reasons. Both reasons are so linked that they are inseperable. The two being Political control (control which leads to a disfunctional societal structure) and monetary debt enslavement (which also reinforces a dysfunctional civilisation)

The euro was never conceived without its necessary consequence that is political control. But it is the European Union which is the political force behind the euro and therefore behind the political control. But Christian Solidarity holds that the fundamental backbone of society and civilisation is the family based on marriage between one man and one woman. In other words Christian Solidarity is pro marriage, pro family and pro life as well as pro natural law from GOD (natural law comes from none other than GOD). The political control intimately bound with the euro is anti marriage (same sex marriage, divorce, cohabitation); anti family ( abortion, contraception); anti life (abortion, contraception, eugenics and euthanasia) and anti GOD (rejects natural law in legislation and freedom of religion in politics). Such a politics generates a dysfunctional society and a degenerate civilisation.

The euro considered in itself as a fiscal policy is also flawed. It shares the exact same debt enslavement as any other currency of our times as in the UK, US, China etc. It shows the exact same symptoms and wants to enshrine them in our national constitution. Governments, banks, businesses, familys and individuals are perpetually in debt. This is a symptom not the cause. The cause is the monetary policy pursued. The problem is the system. The euro uses the exact same system that causes debt enslavement. It too will have its booms and busts. It is an extremely unjust system to the present generation. Especially putting super stress on families and marriages. Its extreme unjustness is seen in its passing to the next generation a debt of money they did not even spend. Christian Solidarity rejects a debt enslavement system until at least another system can be researched and developed and tested which would not put people in debt. So Christian Solidarity do not feel it fair to the Irish People or indeed any people to start copper fastening in a constitution this treaty. It is not the time historically as we would prefer to try to find better system. Suppose we were to find a better system - then what would we find if we voted yes- but that it would be a costly long haul to remove this treaty from our constitution.

Keep in mind a yes vote will put this treaty in our constitution. We do not think we are absolutely certain that this will work for Ireland or for any other country. It may work nicely for Germany at the present but will it always work for them. We do not know if it really will work for Ireland and if it did today will it continue to work in some years time. We do not feel that human financial history has reached a certainty about fiscal policies that we are at a point that we can put specific details about an economic system into any constitution.

The ‘Permanent Austerity Treaty’ which we will be voting on calls for a debt brake or balanced budget rule of 0.5 percent of GDP in any one year. It is to be inserted into euro zone members constitutions. This voted for treaty combines with another treaty which we will not be voting on. The treaty we will not be voting on is called the European Stability Mechanism (ESM). Our government will bring this before the Oireachtas and get it signed into Irish Domestic law. They will try to do it without much scrutiny on behalf of the public. It is expected to be done in the weeks just before Easter 2012. We would put forward he exact same argument against this ESM as we have for the Permanent Austerity Treaty. The European Stability Mechanism treaty requires of Ireland an a non conditional contribution as it does of all the other members. In Irelands case it amounts to 11 billion. This contribution goes towards a 500 billion bail out fund. The ESM states that only bailout money will be given to those states that approved of the Permanent Austerity Treaty. It also states that debt must not exceed 60 percent of GDP. How do we know with certainty that this 60 percent of GDP is correct for Ireland or any country and if it were right today will it be still right in different times and circumstances.

Germany and France are changing the basis of economic and monetary union which Ireland signed up to originally. We feel this is not in our best interest. The two treaties the voted for ‘permanent austerity’ and the European stability mechanisn involve deeper cuts in public expenditure, increases in taxes, reduction of wages and privatisation of public property. All of which will make Irelands economy and political structures dysfunctional. The European Commission and the European Central bank will want such control over smaller states like Ireland so that the larger EU states permanently and regularly vet their fiscal policies and where they decide to enforce punitive measures. Keep in mind that under the Lisbon Treaty that the voting arrangement for European law and eurozone matters by 2014
Germany will go from 8 to 16 percent; France and Italy will go from 8 to 12 percent and Ireland will go from its present 2 to 1 percent.

Last Updated on Thursday, 22 March 2012 09:56