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May 7, 2012

The Cedar Lounge Revolution

Click here for the full document.

The WP austerity treaty campaign site is workerseurope.ie

From the Conclusion of the document:

The Workers Party believe that this treaty must be rejected by the Irish people. It represents bad law, bad economics and is an affront to democracy.

The tactics being used to persuade people into voting “yes” rely on fear, on a clear misrepresentation of reality, and on a bogyman ESM Treaty which does not even exist at this time.

This treaty with its triple lock of 0.5% limit for structural deficits; plus the injunction that budget deficits do not exceed 3% of their gross domestic product at market prices; and that government debt does not exceed, or is sufficiently declining towards, 60% of their gross domestic product at market prices will plunge Ireland
(and possibly all of the EU) into a further spiral of economic contraction and prolonged recession.

The…

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