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April 25th, 2012 
FAKE NEWS for the Zionist agenda The utter folly of ratifying the Fiscal Compact Permanent Austerity Treaty on the basis of the threat of this country being DENIED access to a ‘pot of gold’
By James Reynolds
FARMERS FOR NO
25 April 2012
I was speaking with Professor Anthony Coughlan (nationalplatform.org) regarding a most important issue at the heart of the debate on the EU Fiscal Compact namely the fact of the utter folly of ratifying the Fiscal Compact Permanent Austerity Treaty on the basis of the threat of this country being DENIED access to a ‘pot of gold’ by way of access to the ESM Loan facility as a future bailout when the EFSF/Troika loans run out.
The same bailout LOAN facility ‘pot of gold’ is predicated on the ESM Treaty being ratified and Ireland has a Veto on granting Permission to Amend existing EU Treaties in order to enable the ESM Treaty to be ratified?
This seems to be the legal basis of the Constitutional challenge of Thomas Pringle TD to the ESM Treaty. Also the Irish Government has committed this country to paying a massive Euro 11 Billion by way of a contribution to the ESM Loan Fund with Euro 1.5 Billion of this being paid upfront!
That’s half of our annual Promissory Note annual tribute to the ECB for obtaining a Loan of Euro 31 Billion to repay mainly German bondholders who gambled on the lending spree of now Bust Anglo-Irish Bank that the former Fianna Fail/Green Government Nationalised because of the discredited 2008 Bank Guarantee transferring those debts to the backs of the Irish Taxpayer.
So we are being asked to say Yes to the Fiscal Compact to ensure that we can BORROW from another Bailout Rescue Fund that does NOT exist until the ESM Treaty is ratified and if and when this happens we are further committed to contributing Euro 11 Billion of scarce resources to that Rescue Loan Fund making it even MORE difficult to achieve the RIGID Fiscal Compact criteria of 0.5% of GDP Structural Deficit, 3% ordinary Budget Deficit and 60% Debt / GDP Ratio?
Source: http://farmersforno.eu
Related posts:
- Launch of FARMERS FOR NO Campaign against the EU Fiscal Compact Treaty
- Third major trade union urges members to vote No on fiscal treaty referendum
- Poll indicates 55% of voters do not understand European Union Fiscal Treaty
- Mandate union says they are advising members to vote ‘no’ to Fiscal Treaty
- Fiscal Treaty – Reasons to vote ‘NO’
- “We Are Treated Like Mushrooms – Kept in the Dark and Fed Shit!”: Did you know…?
- Constitutional challenge in Ireland by Independent MP to the European Stability Mechanism (ESM) Treaty
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