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The Vampire Treaty and the Irish Referendum

3 years agoNews : The Coming Crisis

The Irish referendum on the new fiscal treaty is not about Ireland’s membership in the Eurozone. Rather, it is a vote for or against permanent austerity in Ireland. After the release of the new Fiscal Treaty, Angela Merkel said “The debt brakes will be binding forever. Never will you be able to change them through a parliamentary majority”. She has elsewhere spoken of the new fiscal rules as having “eternal validity”.
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