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National - Event Notice Thursday January 01 1970 CAMPAIGN TO DEMAND A REFERENDUM On EU/IMF Bailout; What are the next steps
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event notice
Wednesday May 11, 2011 22:36 by Action on Debt
Whether we like it or not Ireland is now a colony of the EU and the IMF, who dictate every aspect of public policy. Instead of our taxes being spent on our local services, whose wages would be by and large spent locally and bolster our econonomy, we are forced to pay off foreign corporations who are free to invest this wealth wherever they see fit. In order to make profits for themselves, Irish Banks lent recklessly to all and sundry. This was done with the connivence of the Irish political establishment, whose policies of deregulation actively enabled it. The Irish Banks were themselves recklessly lent vast amounts of money by European banks which were likewise actively enabled in this behaviour by the EU under the aegis of the European Central Bank. |
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Jump To Comment: 1I have long believed that the people of the Republic of Ireland should be the ones to have the "final" say regarding the matter of the multi-billion Euro bailout for the bankers.
My reason for this is very straightforward, and it is simply because Article 6.1 of our Constitution clearly states that it is the "people" -- and not the politicians and/or the bankers and lawyers -- who have the right to make the final decision on all matters of national policy relating to the common good.
If there was ever before in the history of the Republic of Ireland an issue of national policy more important for the "common good of the people" than the present "bailout of the bankers madness" (as I see it), I personally do not know of it.
For those who might not yet be aware of it, the full English text of Article 6.1 of Bunreacht na hEireann ("The Basic Law of the Republic of Ireland) reads as follows:
"All powers of government, legislative, executive and judicial, derive, under God, from the people, whose right it is to designate the rulers of the State and, in final appeal, to decide all questions of national policy, according to the requirements of the common good."
I would like to take this opportunity to wish every success to the organisers of this campaign.