Earlier this month the ‘Farmers for No’ campaign to the EU Fiscal Compact/Stability Treaty was officially launched at a Press Conference in Buswell’s Hotel, Molesworth Street in Dublin.
The group is composed of past and present Officers of both the IFA and the Irish Cattle and Sheepfarmers’ Association. In a press statement issued at the launch the groups said that “By accepting the Fiscal Compact Treaty we would be permanently handing over absolute control of Fiscal Policy or the ability of elected Irish Governments to frame our own Budgets, to the new ‘Troika’ of the EU Commission, ECB and European Court of Justice”.
They maintained that this would result in “even more power for unelected technocrats in Brussels and Luxembourg”.
“The Fiscal Compact Treaty gives wide-ranging powers to the unelected EU Commission and EU Court of Justice,” noted the ‘Farmers for No’ campaign.
“The Irish People are being asked by those advocates of a Yes Vote to exchange the temporary surrender of our economic sovereignty by way of the handing over of effective control of our Fiscal Policy to the ‘occupying power’ of the ‘Troika’ of the EU Commission / European Central Bank and IMF, for a permanent surrender of our economic sovereignty to the New ‘Troika’ of the EU Commission / ECB and European Court of Justice!
“The Fiscal Compact policies of Austerity would kill demand and economic growth that is so necessary for the recovery of our economy and at the same time those policies would result in the closure of Regional Hospitals, Rural schools and Garda stations.
“The Fiscal Compact would also ensure that current and future generations of Irish tax payers would pay every last cent plus interest to the ECB, for that loan obtained by the previous discredited Fianna Fail/Green Government, to reward the Foreign Bondholders of Irish Bank Debt.”