By MARY CAROLAN
The European Stability Mechanism Treaty breaches the Irish Constitution, European Union law and the treaties of the EU on several grounds, Independent TD Thomas Pringle has argued before the High Court.
Mr Pringle’s action raises matters of “enormous importance” for the State and is fundamentally concerned with the rule of law in the State and the EU, his counsel John Rogers SC said.
The ESM treaty of February 2012 will dilute the financial sovereignty of this State and its capacity to say yes or no in the realm of economic and monetary matters, the Donegal South West TD contends. The treaty will also give officers of the State, particularly the Minister for Finance, powers beyond those conferred on him by law.
Mr Pringle claims the ESM treaty is inextricably intertwined with the Fiscal Stability Treaty approved by the people in last month’s referendum and he argues Ireland cannot formally ratify the ESM treaty next month, as intended by the Government, without first putting that to the people in a referendum.
He claims the treaty breaches the Constitution and other EU treaties on a number of grounds, including that it provides for establishment of an autonomous financial institution, akin to a bank, with the power to grant financial assistance beyond circumstances permitted by the EU treaties
full article at source: http://www.irishtimes.com/newspaper/breaking/2012/0619/breaking50.html
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About machholz
I started this Blog to get out of my system the absolute rage that I have for the corrupt politicians and their Banker Buddies. I’m an ordinary guy, married with kids, and have firm opinions of what is right and what is wrong. I’m not afraid to say it even when it makes me unpopular.
I reproduce news all manner of articles, but will always confirm the source of the articles; this is a compliment to the source of such news pieces. But if you do not agree with this and you are the original author, I will take down any article when requested to do so. I do not assume that the author of the news articles share with my views, I include news articles to give readers another slant to my views or to illustrate what the mainstream news media say on the relevant topic.
The opinions expressed are my own but I do not accept liability for them, If I have offended you or made a factual error please put on record the truth by leaving a comment.
In addition, my thoughts and opinions change from time to time...I consider this a necessary consequence of having an open mind. This weblog is intended to provide a semi-permanent point in time snapshot and manifestation of the various memes running around my brain, and as such any thoughts and opinions expressed within out-of-date posts may not the same, nor even similar, to those I may hold today.
For the record I am currently an Independent political activist and am not affiliated to any political party
