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June 16th, 2012 
FAKE NEWS for the Zionist agenda
The Irish Times
Saturday, June 16, 2012
EUROPEAN OFFICIALS are examining a new revision of the EU treaties to create a “fiscal union” in which member states would transfer another swathe of budgetary powers to the authorities in Brussels.
The German-led initiative comes only a fortnight after Irish voters endorsed the fiscal treaty and may well lead to a new Irish referendum.
Although the process remains at a very early stage, a senior EU diplomat said this work reflected the increasing urgency of the situation.
If this effort is to succeed, it would have to overcome numerous political obstacles. Any push to yield more budgetary sovereignty to the EU authorities would be certain to meet resistance in France, Britain, the Netherlands and other countries.
The talks come as Greeks prepare for an election rerun tomorrow, a poll that could lead the country out of the single currency. The fallout from the election is expected to dominate a G20 summit, which begins on Monday in Los Cabos, Mexico.
A surge in Spanish borrowing costs this week has also raised questions over the viability of the week-old European rescue plan for its banks and raised the prospect that the country might need a full-blown bailout. Italy has also been under pressure this week.
Read more: Berlin push for fiscal union could lead to new treaty vote
Related posts:
- Third major trade union urges members to vote No on fiscal treaty referendum
- Mandate union says they are advising members to vote ‘no’ to Fiscal Treaty
- Fiscal Treaty – Reasons to vote ‘NO’
- Poll indicates 55% of voters do not understand European Union Fiscal Treaty
- Germany to become ‘Fatherland’ again if Fiscal Treaty passes
- The Danes also want a referendum on the Fiscal Treaty
- Launch of FARMERS FOR NO Campaign against the EU Fiscal Compact Treaty
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