Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Saturday, 2 June 2012
Irish Back EU Fiscal Pact
Irish voters have agreed to back the European Union's fiscal pact in a referendum, final results show. About 60 per cent of those who voted said "yes", with turnout at about 50 per cent. There are 17 countries in the eurozone, but only 12 of them are required to ratify the treaty in order for it to become law. The treaty makes deficit reduction a priority for the budgets of all signatories, but critics say that it makes it illegal for member states to follow pro-growth policies, by necessitating a pro-austerity approach. Al Jazeera's Andrew Simmons reports from Dublin, Ireland.
