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May 7th, 2012 
FAKE NEWS for the Zionist agenda The solid financial reasons to vote No
In the fifth year of the crisis, voting No is the only way that we can force our bloated class of politicians and public servants to face up to harsh financial reality
By Cormac Lucey
The Sunday Business Post
6 May 2012
Last Tuesday, TV 3 broadcast a referendum debate. Hosted by Sunday Business Post columnist Vincent Browne, the debate featured Fianna Fail leader Micheal Martin and agriculture minister Simon Coveney arguing the case for a Yes vote. They were opposed by Sinn Fein deputy leader Mary Lou McDonald and by Socialist Party leader Joe Higgins, who advocated a No vote.
One could be forgiven for believing that the referendum boils down to a simple choice between Right (Yes) and Left (No). That would be an error, as there are solid conservative and financial reasons to reject the fiscal compact.
The referendum was triggered by economic breakdown across the periphery of the eurozone. But the euro was adopted without proper evaluation of its merits. Helmut Kohl’s volume of memoirs for the period 1990-1994 (when the euro was agreed upon) features several references to the negotiation of European Economic and Monetary Union (EMU), but none to any evaluation of its advantages and disadvantages.
For an enthusiastic euro-federalist such as Kohl, why should there have been any evaluation? EMU was part of “ever-closer union” in Europe and therefore a good thing. When dreaming of Utopia, why spoil things by conducting a mere cost-benefit analysis?
Like other experiments built on Utopianism, the results of the euro common currency have been disastrous. The stabilisation gained from reducing currency volatility has been replaced by volatility in the domestic economy as Ireland has swung from the economic equivalent of binge eating (1997 – 2007) to crash dieting (2008 – ?). The dreamers who established the euro removed a critical shock absorber to cope with economic imbalances (national currency movements) without thinking how such imbalances might otherwise be corrected. Now we know: through profoundly destabilising boom-bust swings in property and employment markets.
Read more @ Farmers For No
Related posts:
- Fiscal Treaty – Reasons to vote ‘NO’
- 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
- ‘Ah, but where will we get the money if we vote NO?’
- ‘EU pushing Greece towards revolution’
- How the Private Bankers Are Using the Financial Crisis to Reshape World Government
- Launch of FARMERS FOR NO Campaign against the EU Fiscal Compact Treaty
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