The government parties are billing it as the ‘Stability Treaty’, the left opposition – most notably the United Left Alliance – are calling it the ‘Austerity Treaty’. For the next few weeks we can expect the airwaves to be clogged with the pros and cons in the lead-up to the 31stMay referendum on the “Treaty on Stability, Coordination and Governance in the Economic and Monetary Union” to give it its official title.
But despite all that we will hear between now and the end of the month, does anyone seriously think that how we vote will make one whit of difference?
If the ‘Austerity Treaty’ is rejected, will the government accept that its policy of heaping more and more austerity and cuts on the shoulders of ordinary workers and the unemployed is wrong? Will they accept that the household tax, the water tax, the Universal Social Charge, the pension levy, pay cuts etc should be reversed and that instead a wealth and assets tax should be introduced?
On the other hand if the ‘Stability Treaty’ is accepted, can we expect a prolonged period of stability to follow? Will the all-powerful financial markets accept that they have got their pound of flesh, and will they signal their willingness to work for ‘stability’ and accept that the Irish taxpayer has no more to give?
Or will pigs fly?
You don’t need to be much of a genius to work out that the last of the 3 scenarios is actually the more likely to occur.
Article Continues: http://www.wsm.ie/c/austerity-referendum-anarchist-view-stability-pact