This Fiscal Pact makes no sense in the current political and economic climate. It also, again, needs to be reiterated that the fiscal pact/stability treaty would NOT have prevented our current crisis, so is therefore not the “solution”.
We here in Ireland and across Europe stand on a precipice and must take time and effort to secure the future not only for ourselves but for generations to come. Greece is in turmoil, Ireland and Portugal are in “forced bailouts” (of private financial institutions) Spain and Italy are spiralling out of control and the response from Europe has been much less than “adequate”- indeed some would describe the European response as having been fatal to the economies involved.
Europe has continually refused to accept that the introduction and implementation of the euro and the policies of the ECB which came with that implementation is where the structural flaws of the currency lies and that the devastation wreaked by those flaws should never under any circumstances have been placed on the shoulders of its citizens to burden. Europe must wake-up and take collective responsibility for this crises, acceptance of responsibility will be the first steps to recovery.
A solution is what needs to be found and part of that solution has to be removing the burden of private banking institutions and speculative property developer debts from the shoulders of the ordinary citizen, let market forces run their course and it won’t be long before the wheat is separated from the chaff in our financial institutions.
Our greatest asset is our people, their productivity, sustaining and expanding our economies. Until people can get back to doing what they do best we will be unable to get on the road to recovery. Being part of Europe was meant to be a partnership that enhanced and secured the viability of Europe, its people and economies but current policies have tied us all into a “marriage from hell”
Ireland must step back reflect and have an informed, inclusive debate on where and how we wish to proceed to best combat this current crisis. Decisions have been made in haste, panic and darkness. This is certainly neither the time nor the climate either politically or economically to enter into “experimental policies” dictated by Europe (running scared of markets) and implemented through fear and blackmail of its citizens. Our political leaders have a moral duty to ensure, encourage and promote democracy whilst putting the interests of the Irish people first and foremost in all discussion and policy implementation. If politicians have to use fear and blackmail to force citizens to do their bidding we have then indeed lost our last shreds of democracy.
ang 18 May 2012
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