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.
- 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.