Archive for October, 2010

Prospect Of Third Irish Lisbon Treaty Referendum Looms

Sunday, October 31st, 2010

Prospect Of Third Irish Lisbon Treaty Referendum Looms


http://www.independent.ie/national-news/government-faces-nightmare-scenario-of-third-lisbon-vote-2399473.html

Independent.ie

Government faces nightmare scenario of third Lisbon vote

By Fionnan Sheahan and Sarah Collins in Brussels

nazieee

Evil European Economic Empire

THE nightmare prospect of another Lisbon Treaty vote loomed last night as EU leaders met in Brussels.

Germany is continuing to press hard to reopen the Lisbon Treaty, tighten rules on spending and bring in punishments for breaches.

Backed by France, the Germans want countries that break budget deficit rules to have their voting rights suspended — a measure that would prompt a referendum in Ireland and is staunchly opposed by Mr Cowen.

After the Nice and Lisbon experiences, the Government is against any changes that would result in substantial changes needing to be passed in a referendum.

“I don’t believe the suspension of voting rights is a runner as far as getting the agreement of my country,” Mr Cowen said.

Spain, Italy, the Czech Republic, the Netherlands and Portugal are also sceptical on the voting rights issue.

The Taoiseach did support proposals for discussions on making the EU emergency economic fund permanent, but said this issue should be handled in the most “specific and narrow way possible”.

Mr Cowen was unable to rule out a referendum being required if there was a renegotiation of the treaty’s rules.

And the Taoiseach showed no appetite for going back to the people for the fifth time in a decade on a European issue.

“Referendums aren’t something you hold lightly. You hold them if they are necessary.

“Whatever constitutional requirements are is what you have to abide by.

“I’m just making the point that it’s not necessarily the case that a referendum is the mechanism in every case.

“You have to judge it on a case-by-case basis. That’s our constitutional position,” he said.

Arriving at the summit in Brussels, German Chancellor Angela Merkel said the reforms she wanted would mean the EU would “have to change the treaty”.

Text

Germany insists on putting the treaty text back on the table to create a permanent emergency mechanism for ailing eurozone countries. The current €440bn eurozone stability fund runs out in 2013.

Ms Merkel wants to avoid a repeat of the Greek debt crisis that threatened to bring down the single currency earlier this year, and is also suggesting that debt write-downs be a condition of future loans. She is beholden to a German constitutional court, which is currently mulling a challenge to the legality of the existing bailout, and feels that changing the treaty is the only way to avoid a potentially disastrous verdict.

The EU’s legal services say that the fund is compatible with European law and could be extended without a major revision.

Labour’s Pat Rabbitte appealed to Finance Minister Brian Lenihan to confront the EU over the Lisbon Treaty.

“Does he not think that he ought to summon up the courage to send a message to the Franco-German declaration that whatever they are contemplating, that the last thing that this little country wants is to have another referendum on Lisbon imposed on them?” he asked.

Mr Lenihan said he agreed with him and he didn’t want to see a referendum, saying “the Government would be anxious to ensure that any such treaty would not entail an amendment to the Constitution”.

Fine Gael leader Enda Kenny also spoke out against a renegotiation of Lisbon, saying it would cause “serious problems” for Ireland and its EU partners.

He insisted Ireland had already ratified the document and any changes to it that included suspending the voting rights of persistent debt and deficit offenders would not be countenanced.

“I’m not sure of the wisdom of proceeding down the route of reopening the treaty where a referendum might be required,” the told the Irish Independent.

“If we were to go the treaty route it would obviously cause quite a degree of difficulty for a number of reasons in Ireland.”

When questioned on the suggestion to suspend errant countries’ voting rights, Mr Kenny added: “I don’t expect anything that would do down a European country or leave out a country like Ireland would be supported.”

Mr Kenny insisted that more “clarity” was needed on the proposals before going any further.

- Fionnan Sheahan and Sarah Collins in Brussels

Clear Evidence Of Fraud In Hypo Alpe Adria

Sunday, October 31st, 2010

Heirs of Nazi Flick dynasty face police scrutiny over Hypo Alpe Adria fraud

Ingrid Flick, the billionaire widow of Friederich Flick of the German industrial family that played a key role in the rise of Adolf Hitler, is being investigated by state prosecutors in Carinthia as part of the probe into the Hypo Alpe Adria bank fraud that cost tax payers in Austria and Bavaria billions, local media report.

The newspaper Kurier has also printed protocols showing clear evidence of fraud in connection with the balance sheets of Hypo Alpe Adria. Read more of this post

Conflicts Of Interest In Finnish Swine Flu Investigation

Sunday, October 31st, 2010

Narcolepsy and swine flu: conflicts of interest in Finnish investigation

Just Say No

Flu Vaccine - Just Say No

Media release 2010-10-28: Narcolepsy and swine flu: Conflicts of interest in Finnish research

Rokotusinfo ry, Helsinki, Finland

The swine flu vaccine Pandemrix is suspected to be the cause of
narcolepsy in 36 Finnish children. The cases have been reported in
less than a year’s time. In earlier years, only on estimatated average of
three (3) children in a a year have been diagnosed with narcolepsy.

According to Finnish citizen’s group, non-profit NGO Rokotusinfo ry,
the Finnish research to find out whether the Pandemrix swine flu
vaccine causes narcolepsy in children has conflict of interest issues
and prejudice.

Read more of this post

Deutsche Bank to be sued over “rampant” subprime fraud

Sunday, October 31st, 2010

Deutsche Bank to be sued over “rampant” subprime fraud by Assured Guaranty

Assured Guaranty Sues Deutsche Bank Over Mortgages

By Shannon D. Harrington and Karen FreifeldOct 26, 2010 12:55 AM GMT+0200

A unit of Assured Guaranty Ltd. sued affiliates of Deutsche Bank AG over $312 million of mortgage- backed securities that the bond insurer guaranteed and says were “plagued by rampant fraud and misrepresentations.”

Assured Guaranty Corp. is asking a judge to force the bank to repurchase the loans, on which the insurer has already paid almost $60 million in loss claims and sees the potential for tens of millions of dollars more, according to a complaint filed today in New York state Supreme Court against DB Structured Products Inc. and ACE Securities Corp. The bond insurer, backed by billionaire Wilbur Ross, is also seeking

reimbursement for the claims paid and for future losses.

“The entire pools of loans that Deutsche Bank securitized (and to a large degree originated) in the transactions are plagued by rampant fraud and misrepresentations and an abdication of sound origination and underwriting practices,” Assured said in the complaint. Read more of this post