Bruce Arnold: Only a No vote will save us from the begging bowl
Greece, Spain, Italy, France, Portugal and Ireland are the foremost EU/eurozone countries requiring amendments in the crisis measures they face. Germany is blocking them. We support Germany. By holding firm the EU aims to impose huge further financial burdens on eurozone countries through the ESM treaty and the amending Article 136.
The referendum empowers a threshold treaty, arguably illegally under our Constitution and law, and makes way for the European Stability Mechanism, together with the Article 136 TFEU amendment to the EU treaties, effectively, in sovereignty terms, sealing our fate.
This ESM treaty, more pernicious than the fiscal compact treaty, is being passed by simple Dail majority and -- if we believe Mr Noonan and Mr Bruton -- is because the begging bowl held out for more money will be left empty if we do not co-operate with the EU.