A vote against political tyranny

The main argument for a Yes vote in the Fiscal Treaty Referendum is the threat that if we don’t pass it we may not get any future loans from the European Stability Mechanism fund, a mantra that Minister Simon Coveney repeats in his recent letter (Apr 28).

This threat is turning out to be more like a promise, now that we have become aware of the alarming, undemocratic and possibly unconstitutional terms of the ESM Treaty.

The amount of the arbitrary fund of €700bn to which member states must contribute can be raised at any time and countries are obliged “irrevocably and unconditionally” to pay whatever is asked of them “within 7 days”.