Sunday 27 May 2018

Who is calling the shots in this country?

Angela Merkel: who is running Ireland?
Angela Merkel: who is running Ireland?

* Who is running Ireland? Who is in charge of our fiscal policy? On November 17, 2011, the Irish Independent carried reports of Irish Budget documents being discussed in the German Bundestag before TDs in Ireland ever even saw them. Indeed, if my memory serves me properly, a previous Irish 'money bill', to give a Budget its correct legal title, was openly discussed in Germany before even the Dail or the Irish media had a sniff of what was going on.

"So what?", one might ask. These Germans are our friends and know how to mind money, some might say. Unfortunately for the German government and its parliament, they have broken the very basis of Irish Law. Our Constitution is very clear on the formation of money bills and the parameters which makes them legal.

One of the central themes of these Budgets is austerity. We now know that the basics maths employed as the very basis of austerity is incorrect. The economists who "did the math" weren't very good at doing the math, which we now know has been accepted by the Bundestag and adopted by it for Ireland.

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