Ireland votes NO to Lisbon Treaty


From the FT


The Irish No strikes a blow at these ambitions because no EU treaty can come into effect unless all 27 member states ratify it. In theory, the 862,415 Irish voters who rejected Lisbon – less than 0.2 per cent of the EU’s 497m population – have stopped Europe dead in its tracks.


0.2 per cent stops the treaty? How is this a "democracy?". I call this an incomprehensible dictatorship of the random!!!! How the hell is this supposed to work?

Comments

Bill Pyne said…
Marc,

From a European's standpoint, was ratification of this treaty desirable? Essentially it gives the European Commission greater authority to make decisions in certain areas.

My understanding is that the Irish were the only country to hold a ballot question for people to vote on.

Do you see it being put back up to the Irish? Only 50% of their voting population turned out and it wasn't exactly a landslide victory for opponents of the treaty.
June 16, 2008 at 6:28:00 AM PDT
Tango Juliet said…
My main issue with votes over treaties like that is that people do not know what they are voting for or against. Even the Irish Prime Minister said he did not read the treaty (Who has the time and will to read 231 pages of protocols, amendments, etc Treaty).

So how the hell is the guy-on-the-street supposed to know how he should vote over such complex matters? Isn’t that what democratic representatives are all about? If not, then give us an online account, a big yes and no buttons, and get rid of the parliament.

Sorry, not in a good mood today.
June 16, 2008 at 7:41:00 AM PDT
Winni said…
Marc, the European Union is not a democracy, it's a bureaucracy whose members are still sovereign countries and not just member states. Most decisions in Bruxelles are made by bureaucrats who have not been elected by the people. So I think that it's a good thing that the EU machinery sometimes can be stopped by a minority.

You know that for example the German people have not even been asked by their government if they wanted the EURO while France did - so how can that be a democracy?

If we had been asked, I'm sure we still would have the Deutsche Mark. And if we would be asked now, I am certain that we would go back to the Mark. For most people in this country, the reality of the EURO is felt like a 50% salary cut; the numbers on many price tags are the same as they were in D-Mark times (or even higher by now), only the currency symbol changed.

These are just few of the many reasons why especially young people in Europe no longer care for politics and politicians. It usually does not matter whom you vote for anyhow, because the lobbies are still the same.

Anyway, Welcome to Europe! ;-)
June 16, 2008 at 8:11:00 AM PDT
adt43wt342 said…
While I dislike politicians and professional civil servants, I am all for the EU because to me it is mostly a debasing of national rule. Nation states are a obsolete concept imho. So the irish want to be "irish" fine, like the basques want to be basques, but govts, national govt need to disolve in a continental govt. It is a waste of energy and money to have so many little govts, they are equivalent to governorships and just as irrelevant.
June 16, 2008 at 8:18:00 AM PDT
Andrew Meyer said…
Marc,

Whoever put the ratification plan together for the EU never bothered to read about the problems the US had ratifying it's Constitution. And the US had the good sense to only require that two-thirds of the States to ratify the Constitution for it to become official. They just barely got that. And they had George Washington backing the idea.

Getting ratification on something like that is very VERY difficult for a whole multitude of reasons (local interest, understanding, grandstanding politicians who attach riders, etc.) And the US Constitution wasn't 5,000 pages!

When Europe required 100% approval, they sealed their fate that it would never pass.

But that's not the real question. The real question is, when will some country (think Greece, Italy, Spain, Portugal etc.) decide that it is no longer in their best interest to continue using the Euro?

I don't follow it that closely, but didn't Jean-Claude Trichet (ECB President) just about face open revolt a couple weeks ago when he suggested raising interest rates?

What happens then?
June 16, 2008 at 10:16:00 AM PDT
Tango Juliet said…
What happens then?

Well, this is why we have a bond market and credit spreads. Fixed Income might become exciting after all?
June 16, 2008 at 10:34:00 AM PDT
Juha Lindfors said…
"an incomprehensible dictatorship of the random"

Isn't that just forced consensus?

+1

Anyway, anything that obsoletes the nonsense bureaucracy that still exists between national borders must be fundamentally a good change. While businesses have already gone mostly borderless (i.e. global) so are many individuals now with the net going across all borders and rules so easily. So sometimes when you need to get back to crossing the physical borders of old, it does feel like going back to the previous century.

And this comment is coming from a country where people go to ballot boxes to vote whether granting a passport should be decided by a communal vote. No kidding.
June 16, 2008 at 11:22:00 AM PDT
Unknown said…
I think you're moving in the wrong direction. You want government to be pushed closer to the people, not further away from it. There's no chance at accountability otherwise.
June 16, 2008 at 11:42:00 AM PDT
Anonymous said…
Europe with its procedures, agendas, treaties, ... are like program in debugging mode!

Never meant to run in business, just for fun, or experiment!

Europe is NEVER meant to run seriously, as a free community!

Look at USA, they are all different.

Why everyone in EU must think and act in the same way?

Is there a NEW Stalin ERA in EU?
June 16, 2008 at 2:23:00 PM PDT
TF said…
Yes, this is the true form of democracy. Why do I think that is so? In Germany the public was never asked to vote about that treaty. But it probably has the strongest implications about how Germany will look like in the future. Most of the laws made today are just laws they need to make because Europe requires you to implement a directive into a local law. That's why it is very important for every European country in which direction Europe turns.

In Germany only the parliament has ratfified the treaty, not the public. Thus no one in Germany really knows what is going on with this treaty.

The Irish have been real democrats and had their people vote. In that vote they decided "no". By the way, isn't that just a patched version of the new European constitution that has been rejected by public vote in France and the Netherlands earlier?

See, there is a pattern. Whenever you let the public vote about the new constitution or the patched version (being the treaty) it is rejected. The countries that ratified it only asked their parliaments, not the public.

Explain to the people, why we need this new constitution. Discuss it with them. Then you may get approval.

And btw: If the rules say all countries have to ratify a new treaty and one country votes "no" in a democratic process, then yes, this is democracy.
June 16, 2008 at 11:35:00 PM PDT
Anonymous said…
This is the only 0.2 per cent that was allowed to vote - rest of European politics where to afraid to ask people what do they think about the treaty that no one is able to read and understand...
June 17, 2008 at 3:21:00 AM PDT
Anonymous said…
France and The Netherlands had rejected the former treaty (the EU Constitution) by popular vote. So their governments decided that the People was too stupid to decide, and France ratified this new one by the way of the Parliament, with The Netherlands to follow.
At least the Irish people got to vote!
June 17, 2008 at 4:34:00 AM PDT
Andrew Meyer said…
One thing to add about my comment about the US ratifying the US Constitution.

"The people" were never give a vote. 2/3 of the state legislatures had to vote to adopt the Constitution. There was never a public vote on it.

I'm not a historian, but my memories from reading about this period were that there was a lot of conflict, one state (Rhode Island I believe) wasn't even invited to the constitutional convention and several states vigorously opposed it.

Essentially, it was a very ugly process with a lot of very dirty politics and back room deals.

Anyways, my point was that Europe, lacking a hero to support it has a very tough row to hoe. (Note: I believe one of the bargaining chips that got it passed was that George Washington would come out of retirement - i.e. it passed in some states due more to the popularity of Washington than due to anything in the Constitution...)

The Europeans have some serious difficulties ahead of them with the EU and the Euro.
June 17, 2008 at 6:40:00 AM PDT
Anonymous said…
If you compare it - the US Consitution is a quite short document that you actually can read and understand...
June 18, 2008 at 1:34:00 AM PDT
adt43wt342 said…
Who is going to vote no to "the pursuit of happiness"
June 19, 2008 at 5:44:00 AM PDT
Post a Comment

Popular posts from this blog

Thug vs Thug: Porsche 1, Hedge Funds: 0

The latest drama is fun. VW became the largest company in the world, in terms of market cap, ahead of EXXON on a little financial market coup d'etat orchestrated by Porsche. Apparently VW stocks was on the way down, I don't know the details but many Hedge Funds (HF) were short the position. Fine. The price goes down. Porsche starts buying the anonymous float (and probably some private too?), but the point is they build a 73% market share without many people noticing. In the US you would need disclosure after 10% or so. Point is, that many HF wake up and realize that their short position is about to lose a lot of money. So what do they do? those idiots? they short cover all together, which means they buy the stock to cover the short. The stock zooms up, by a full multiplier and overtakes EXXON. Porsche makes A KILLING in the process and has robbed the city robbers to the tune of "potentially $30B". Not bad for a days worth of work. PS: hey, psst Porsche! With t...
Read more

Madrid Blog--We get sued

Image
...for having children If you are a foreigner and move to Madrid, do not, necessarily expect a warm welcome. Yesterday, we, or rather Don Mark Fleury and Dona Natali Manson ***note to Building Association of Serrrano XX, before you lawyer up, do your research. My husband spells his name "Marc" with a "c." and my first name is spelled "Nathalie;" not to mention that my honest English stone mason forbears would cringe at the misspelling of their last name to confound with that of the notorious 20th century serial killer. received an official communication from the Juzgado de Primera Instancia de Madrid, from one Don Ramiro Blah Blah, President of the Building Association of Serrano XX, a building of exactly 12 units, half of which were owned at one time by his father in law, in which it is alleged 1) "Mark Fleury and Natali Manson" have four children 2) these children own bicycles 3)and roller skates 4) and scooters ( Nathalie comment: nope sorry ...
Read more

Houston, We have a central-bank-run!

Judging by the comments, it seems many of you share my interest in understanding the recent economic news, at least Juha does. So I will continue covering that. Yesterday, my brother Carlos, who works for BNP in Europe sent me this story: Apparently we are seeing a dumping of US related assets by what is speculated to be... the Chinese. . Forget the computer attacks, Asia's sovereign funds dumping US assets would have a real impact on the economy. Credit and liquidity crises are not new and, when they turn bad, they turn bad. In 1929, the liquidity scare sparked a bank run. Banks didn't have enough cash and were defaulting, accelerating the mad dash and "bank-run" to get your money out while there was still liquidity. Then, the real economy wound up with no credit, and we all know the sad story from there. 2007 isn't like 1929. It isn't an "end-consumer" bank run. You and I are not going to the corner bank to take our savings out. Our confidence ...
Read more