Launch of FARMERS FOR NO Campaign against the EU Fiscal Compact Treaty

Launch of FARMERS FOR NO Campaign against the EU Fiscal Compact Treaty

 
Editors Note: Initiated by James Reynolds from the FARMERS FOR NO campaign, originally started in 2009 as a break-away from the Irish Farmers Association (IFA) in opposition to the Lisbon Treaty Referendum at that time. Now relaunched in April 2012 in opposition to the EU Fiscal Compact Treaty Referendum, taking place on 31 May 2012. Stay tuned for the official announcement from James Reynolds and upcoming Press Releases.

official website: http://farmersforno.eu/

also check out the original FARMERS FOR NO website at http://farmersforno.blogspot.com/ for background information on the original campaign.

http://www.facebook.com/FarmersForNo

https://twitter.com/#!/FarmersForNo

 
By James Reynolds
FARMERS FOR NO
25 April 2012

 

“The Fiscal Pact is equivalent to economic suicide” — Constantin Gurdgiev.

 

 

 

 

VOTE NO TO ECONOMIC SUICIDE VOTE NO TO THE FISCAL COMPACT 

Former disgraced Taoiseach Albert Reynolds duped the Irish People into Voting Yes to the Maastricht Treaty which was about ditching the Irish Punt and NOT about IR£7 Billion in Structural Funds.

Ireland joined the Euro-zone in 1999 and within one decade had transformed our then thriving economy to the basketcase it is today.

Joining the Euro-zone caused the Property Bubble which in turn CRASHED the economy. This was caused by the destruction of National Currencies and the removal of exchange rate risk which enabled European Banks and most especially German Banks to engage in a lending splurge to Irish Banks which in turn re-packaged these loans into House Mortgages and Property Loans. And because we joined the Euro-zone the ECB lowered interest rates which further drove up House Prices and saddled young families with UNAFFORDABLE MORTGAGE DEBT.

Quote of Former Minister for Finance,Brian Lenihan TD:

“It was cheap Euro Credit and Unrestricted Immigration from Eastern Europe after 2004 that Overheated the Economy which led to this recession”. – Brian Lenihan TD, Minister for Finance during interview with Matt Cooper on Last Word Show on Today FM, April 2009

Quote of Professor Edward Walsh :

“Ireland entered the euro in 1999 and lost control of the two vital monetary instruments: setting interest rates and setting currency exchange rates.

Had Ireland remained outside the euro, it’s bankers would not have gained access to the euro zone’s vast and low interest borrowing opportunities.

Without the outlandish credit available within the euro zone, the building bubble, the resultant government tax windfalls and Ahern’s, McCreevy’s and Cowen’s spending splurge would have been impossible. The country would not now be in receivership … For Ireland there has not been a shared and equitable European solution. The banks, mainly German, which lent rashly, are receiving a 100 per cent bailout. Not from those who borrowed, but from the Irish tax payer. Apart altogether from the unfairness of the imposed solution, it will not work, because it cannot.”- Professor Edward Walsh, founding President, University of Limerick, Beal na mBlath oration, Michael Collins commemoration as quoted in the Irish Times, 22/08/2011

Quote of Paul Krugman:

“European leaders seem determined to drive their economy – and their society off a cliff. And the whole world will pay the price.” – Paul Krugman, Nobel Prize Economist, Irish Times, April 17, 2012

On May 31 the Irish People will have the choice to accept or reject the “Permanent Austerity Treaty”, also known as the “Fiscal Compact Treaty”.

By accepting this Treaty we would handing over ABSOLUTE control of Fiscal Policy or the ability of elected Irish Governments to frame our own Budgets to the new ‘Troika’ of the European Commission, ECB and European Court of Justice.

In September, 2008, the then Fianna Fail / Green Government that is now discredited introduced the infamous ‘Bank Guarantee’ that resulted in the gambling debts of Anglo-Irish Bank being GUARANTEED by the Irish Tax payer.

When Anglo-Irish Bank was subsequently Nationalised that Guarantee of the Irish Tax payer was called in and this resulted in the Government BORROWING a Massive Euro 34 Billion from the European Central Bank on behalf of the same Irish Tax payer to pay foreign bond holders!

The Fiscal Compact policies of Austerity will result in the closure of Regional Hospitals, Rural Schools and Garda stations but will ensure that the current and future generations of Irish Tax payers will pay every last cent plus interest to the ECB for that Loan to reward the Bond holders!

Quote of An Taoiseach, Enda Kenny TD in relation to Promissory Note Debt to ECB of Euro 42 Billion over 10 years:

“We will pay what we owe”??

The Fiscal Compact will put the CAP Budget Post – 2013, that Irish farm families depend on, at severe risk.

Quote of Professor Alan Matthews:

“Safeguarding the CAP Budget must be increasingly in doubt after last week’s fateful Brussels Summit”

Warning of European Agricultural Policy expert, Alan Matthews, Professor Emeritus of European Agricultural Policy, Trinity College Dublin on EU Summit that decided on ESM ‘Firewall’ Fund of Euro 750 Billion, December, 2011.

“The growing likelihood of an EU recession next year, possibly inducing further economic turmoil beyond the continent, will lower demand for agricultural output and could lead to another collapse in output prices”.

Professor Matthews said in capreform.eu blog.

“Difficulties in Europe’s banking sector will curtail credit to farmers and to the small and medium-sized enterprises which make up the bulk of the EU’s food industry …the EU’s prized single market in agricultural and food products could come under threat”.

 

James Reynolds, FARMERS FOR NO.

 
Source: FARMERS FOR NO

Related Links:

http://www.facebook.com/FarmersForNo

https://twitter.com/#!/FarmersForNo
 

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