European action against MES

European Equity
against the MES

The European Stability Treaty was signed on February 2, 2012 and Brussels would like it to enter into force on February 1.^er July 2012. However, before that, the Parliaments and Senates of the 17 euro zone countries must vote whether or not to accept this dangerous treaty. These ratification procedures have already begun! We must act urgently and effectively!

French text of the treaty http://www.european-council.europa.eu/media/582863/06-tesm2.fr12.pdf
(If not available, this is a copy. )

The MES summarized very briefly:

The MES looks like an emergency fund. It is a permanent fund, replacing the EFSF and the MESF set up in 2010. Endowed with a starting capital of 700 billion euros, it can decide itself to increase this capital indefinitely and to demand payment from national treasuries whenever he wants. To give you an idea of what 700 billion represents, it is for each country a contribution which is close to the amount of its income tax for a year. Long live budget cuts and long live austerity! The MES disposes of this money as it pleases, without any democratic influence, without any control, without having to report to anyone. A real dictatorship!

Its official purpose is to help countries in financial difficulty. In fact, it is always loading more debt on already indebted countries. Its loans come with conditions that put countries under trusteeship, replacing their democratically elected leaders with bankers. With the imposed budget cuts, the MES acts as a demolisher, which deliberately causes serious economic crises and massive unemployment. This applies both to countries that contribute financially and to countries that agree to borrow from the ESM. This is the Shock Doctrine as described by Naomi Klein.

Politicians, such as the Dutch Rutte and de Jager, want to believe that it is the fault of the countries themselves if they are in debt. They would have too many officials, they would have made bad decisions, they would be lazy or they would have lied about the debts they had. Note that none of these countries had major difficulties when they entered the euro zone. Otherwise, we would not have admitted it. In fact, the cause of their indebtedness is the euro! Read the explanation in the letter below.

To stop the ESM, all Europeans have an interest in ensuring that this treaty receives as few ratifications as possible.

Sign the letter to all MEPs in Europe who have to decide!!!

Mr. Deputy (or Madam Deputy),

Under the avalanche of information on the MES essential information has been hidden from you.

The euro has an insoluble problem. You don't need to be an expert to figure it out. All it takes is a minute of reflection.

Nothing prevents consumers in low-productivity countries from preferring better and cheaper products from higher-productivity countries. This leads to a permanent flow of euros from weak countries to strong countries. It follows that the weak countries permanently lack euros and must always borrow more to be able to have euros.

(Before the euro, these countries could devalue their currencies in such a way as to make import goods more expensive for their inhabitants and export goods cheaper for foreign buyers. This curbed imports, increased exports and restored country's productivity.)

In the euro zone there are very large differences in productivity, caused by differences in climate, soil fertility, available fresh water, distances to be covered, transport difficulties, the presence or not of water sources. energy, etc These conditions largely determine the failure or success of economic activities. Greece, Italy, Spain, Portugal will never look like Germany.

Furthermore, the European Central Bank only has one interest rate for 17 different economies. A change in this rate, which has always been said to be so important for influencing the economy, can only benefit some countries, while others will have to suffer the consequences. Monetarily this area is not manageable.

The ESM and the associated treaties are struggles against the symptoms of imbalances in the euro zone. None of the measures will be able to cancel out the differences that cause these imbalances. Introducing a single currency in such an economically heterogeneous area was a mistake.

Please don't make the even more serious mistake of plunging Europe into a crisis identical to that of 1930. This too was caused by politicians imbued with their so-called knowledge. Vote against the MES.

As there was no referendum on the transfer of powers to Brussels, nor public debates on the substance of the problem, your personal responsibility is enormous. We are aware of the pressures exerted on you from all sides.

We intend to make public the vote of each MP, so that voters can take it into account in the next legislative elections.

Best regards,