European Stability Mechanism = Debt Slavery
The treaty becomes definite when the parliaments of the 17 euro-countries will have ratified the ESM-treaty. They are expected to do so between now and 31 December 2011.
What is this aberration?
That was my first reaction when I saw this video. This is not possible. An organization that can empty the state’s coffers, just like that? We live in a democratic country, don’t we? To be sure, I searched for the official texts.
TREATY ESTABLISHING THE EUROPEAN STABILITYMECHANISM (ESM)
The articles mentioned in the video are easy to find (from page 19). As for the rest of the treaty, I have not been able to find anything that would limit this dictatorial power in any way! I am still shaking!
But how is this possible within the framework of the treaties of the European Union? For this constitutes an illegal extension of the competences of the Union! Searching further I find out a number of decisions have been taken discretely and quickly to make this ESM “possible”.
I am certain that if politicians in our country wanted to create a club, that would have the freedom to empty the coffers of the State when it wants and as often as it wants, they would not succeed in obtaining the needed changes in the law, not even in twenty years! But Brussels’ bureaucracy succeeds in adapting the treaties at high speed to commit this coup d’état in 17 countries simultaneously!!!
The Brussels sprint
On 17 December 2010 the European Council decided there was a need for a permanent stability mechanism to take over the tasks of the Financial Stabilization Mechanism (EFSM) and the European Financial Stability Facility (EFSF). These are two rapidly erected organizations, respectively in May and June 2010, to supply loans to countries with too many debts. However, these organizations lack a legal basis.
Let us already note here that these organizations were explicitly conceived for financial interventions, while the amendment in the treaty that allows the establishment of the ESM, also allows setting up organizations for quite other fields of action.
This amendment arrived on March 25 2011. To avoid having to organize referendums in Europe once more, they used article 48.6 of the Treaty of the European Union, which allows the European Council to decide changes in the articles of the treaty, under condition they don’t constitute an extension of the competences of the EU. (Those decisions have to be ratified by the national parliaments, but that is generally a formality.) The amendment consisted of an innocent looking addition to a paragraph of article 136 (TFEU). In short, this addition stipulated that “the countries using the euro were allowed to establish a stability mechanism to safeguard the stability of the euro zone as a whole”. Expressed this way, it does not deal exclusively with financial stability. Surveillance of vigilant citizens, oppression of protests, , or the fight against any other destabilizing element in the euro-zone, can, via this amendment, be conferred to new organizations under EU-flag.
In other words, this amendment surely constitutes an extension of the competences of the EU. Thus, it violates article 48.6 of the Treaty of the European Union. Nevertheless, no Minister and no national Parliament were bothered by this and in Brussels they happily and promptly continued to draw up the ESM treaty.
On 20 June 2011 the national Parliaments authorized that the tasks of the ESM treaty would be executed by the EU and the European Central Bank.