Germany defeated twice in two days!

Well, that headline may or not be accurate.  I don’t follow soccer, as there’s far too much paint drying in the world that needs to be watched.  But I am aware that Germany were losing a big soccer game at some point last night.

Then this:

Ireland has secured a deal in principle to alleviate the country’s debt burden, Taoiseach Enda Kenny has said.

Enda Kenny says Ireland has secured a deal in principle to alleviate the country’s debt burden

The breakthrough came in the early hours of the morning during a dramatic impromptu summit of eurozone leaders in Brussels.

According to a statement issued at 4am, eurozone leaders pledged to “examine the situation of the Irish financial sector with the view of further improving the sustainability of the well-performing adjustment programme.”

More on RTÉ, here.

Ok, it’s short on detail, and on timeframe, but this is huge.  The country might not be totally screwed after all.  This is a story to follow all day, along with the news around the Quinn family – could we really get two big, good news stories in the one day?



This crack on my ass? For sitting on the fence.

The Stability/Fiscal/Austerity Treaty Referendum takes place tomorrow.  I’ve voted in, I think, six general elections and 15 previous referenda.  Plus some local and presidential elections.

Tomorrow will be the first referendum where I’ve been in the country for a vote, and won’t be exercising my democratic mandate.

Oh, I’ll visit the polling station, all right – but I’ll be spoiling my vote.  As some sort of pointless gesture, maybe.  But at least it’ll be recorded.

So why have I come to this (non) decision?  Because, I think, both sides have good arguments, and both sides have really bad arguments, and both sides have people campaigning for them who make me want to vote for the other side, and… well.  Let’s look at some of the arguments.

Reasons to vote for the treaty:

  • We will need access to funding in 2014 and we’ll possibly have to pay more if we’re not “in”.
  • It takes power away from our own politicians.  They’re corrupt, or inept, or constrained, or shortsighted, or only interested in parish pump-ism to get re-elected, or a combination of the above.  Even the crowd I normally support.  Taking power away from them and giving it to slightly less corrupt/inept people in the EU would be an improvement.
  • It makes sense that you’d force your politicians to live within budget, just like households do.  Or, more accurately, that you’d force your politicians to live slightly beyond their budget – because if the limit is 3% of GDP, they’ll use 3% of GDP.
  • Lots of economists reckon we should probably vote yes, because the alternative is probably worse.  Probably.

Reasons presented to vote for the treaty which are, most probably, bollocks:

  • “Market confidence”, “self-confidence”, “certainty” and suchlike.  Yeah, right.  We’re still broke, the dole queues are still increasing, more people are still emigrating – passing this treaty will not help that one iota.
  • “Respect” from the “markets”.  Uh-huh.  They don’t care whether or not we’ve signed up, they just care whether or not they’ll get paid.  And we seem determined to pay.  Even if it’s not our debt.  Even if they’re surprised when we do pay them.

Reasons to vote against the treaty:

  • It’s effectively unfinished.  We don’t know all the small print.  Why would we sign up now, without knowing everything?
  • We don’t need to sign up now.  The big boys, France and Germany, aren’t.  We can hold off to see if they sign up, and under what conditions.
  • Really, what is up with Article 32?  That’s the one that says: “The ESM, its property, funding and assets, wherever located and by whomsoever held, shall enjoy immunity from every form of judicial process except to the extent that the ESM expressly waives its immunity for the purpose of any proceedings or by the terms of any contract, including the documentation of the funding instruments.”

Reasons presented to vote against the treaty which are, most probably, bollocks:

  • “It’s a vote for austerity.  And household charges.  And water charges.”  No, it isn’t.  It’s a vote for attempting to force our politicians to not overspend, which is just common sense.  And voting “no” will in no way remove or lessen the household or water charges.  There will be austerity whether we vote yes, or whether we vote no.

Other factors:

  • The Scarlet Pimpernel, Enda.  Our Taoiseach.  The man who says this referendum is more important than a general election.  And he won’t debate it on TV or radio.  To deny the no side a platform, apparently.  Cos that worked.  Or made any sense.  (Surely you want a really poor debater like Gerry Adams to be given a platform?)  The man is either very, very clever, or his handlers reckon he would have blown the referendum.  Either way, he has treated the electorate with utter disdain.  Shame on him.
  • Downright misinformation from Sinn Féin.  And others, in fairness.  But they’re the most prominent.
  • The government’s leaflets attempting to masquerade as Referendum Commission leaflets.

So my ballot paper will read something along the lines of “Maybe.  But not just yet.  Come and ask me again when we know all of the details, and when we know what the main financers of the ESM, France and Germany, will actually be doing, or not doing, and when we’ve seen some good faith from the EU via a write-down in our bank debt.”

Also, I vote for Dustin.

Unelected man expresses opinions!

An unelected person spouting off their personal opinions is not something I can complain about, I suppose, since I do the very same thing quite regularly in a variety of forums.

But Declan Ganley is back, and the Sunday Business Post have given him a platform to talk about the European Fiscal/Stability/Austerity Treaty.  (That link may or may not work – the Sunday Business Post is normally behind a paywall, but Ganley tweeted a link – – which brought me to the article).

Ganley, of course, is the businessman with ties to the American military, and the founder of Libertas – the pan-European euroskeptic party that managed to get only a single candidate elected in the last European elections.  And there was some controversy over bills being paid.  Ganley himself failed to get elected, but being unelected has never stopped him from getting regular high-profile spots in the media, be it print or radio.  The rest of us make do with blogs…  In any case, courtesy of, we find that Libertas is back, and it’s campaigning for a ‘No’ vote in the Fiscal/Stability/Austerity Treaty.

Ganley’s SBP article is a two-parter.  We can safely ignore the first half, which is blog-standard rhetoric.  The second half is more interesting, setting out his stall for why we should vote ‘No’, alongside his vision for a renewed, more democratic, more accountable EU.  Euroskeptic stuff, it’s not – or at least it doesn’t read that way.  (Though bear in mind it’s early on a Sunday and I’m only on my second coffee).  A lot of it makes sense – again, on a first read.  And I’m pro-Europe.  He makes some good points on the treaty.  For instance, I’d be interested in hearing a rebuttal to his questioning of Article 32, which states:

“The ESM, its property, funding and assets, wherever located and by whomsoever held, shall enjoy immunity from every form of judicial process except to the extent that the ESM expressly waives its immunity for the purpose of any proceedings or by the terms of any contract, including the documentation of the funding instruments.”

Total immunity from prosecution?  What’s up with that?

A feature of the last few referenda has been that, for me at least, you could only tell which way to vote by seeing who was saying ‘Vote No!’.  Because while there may have been merits to both sides, all of the loons seemed to gather on one side – the ‘No’ camp.  And then you’d vote the other way.

The ‘No’ campaign seems to be kicking off in earnest.  Paul Murphy MEP is somehow tying in water and household charges to the treaty (why?), and SF are saying to vote No because that’s consistent with their position on every EU treaty ever.  But some of Ganley’s arguments actually make sense. In the meantime, the ‘Yes’ campaign seems to consist entirely of posters saying to vote ‘Yes’, but not really saying why.  Oh, and both sides accuse the other of bullying.

Okay, the polls say the ‘Yes’ campaign is winning, but it needs to persuade people to actually go out and vote.  I’ve received no reason to do so, so far, apart from a vague “Er, cheaper loans?  When we look for a second bailout.  Which we absolutely, categorically do not need!  Because the Troika say we’re on track.”  Though I must say the idea of enshrining into law the basic concept of “Thou shalt not spend recklessly beyond your means as if ye were a Fianna Fáil politician buying an election” does kind of appeal.

All of which leaves me with another two weeks to make my mind up, I suppose…