Vote YES for return of economic sovereignty

darkman2 · 06-05-2012 05:01AM #1

The "no" side can talk all the nonsense they like but this is the be all and end all.

http://www.bloomberg.com/quote/GIGB9YR:IND

That is our sovereign borrowing interest rate on our benchmark bond. We are trying to return to the market so we don't have to abide by the strict conditions laid down by the lender of last resort and we can be sovereign again. To do that our yields have to be below 5%. You can see how close we are. We are way ahead of the other bailout countries. Portugal is twice our yield for example. They are already condemned to a new bailout.

The reason why a "No" vote will guarantee another bailout and harsher conditions and austerity is that the minute the market gets word of the vote that yield will rocket again to levels that we will not be able to contain prior to the end of the current bailout. It's as simple as that. A "YES" vote reward will be lower bond yields facilitating a return to the market.

This is the real world not the world of make believe from the "No" side. You want to take that risk with your future, with your children's future? That graph in that link is all that matters if we want to regain economic independence.

That's it. There is nothing to argue about. Be stupid and vote "No" if you like but you will pay the price. The world is not a land of milk and honey. We don't have the room to fúck around like in previous treaties.

I posted this earlier but figured it's persuasive enough for a thread.

thecommietommy · 06-05-2012 08:18AM

darkman2 wrote: »

The "no" side can talk all the nonsense they like but this is the be all and end all.

http://www.bloomberg.com/quote/GIGB9YR:IND

That is our sovereign borrowing interest rate on our benchmark bond. We are trying to return to the market so we don't have to abide by the strict conditions laid down by the lender of last resort and we can be sovereign again. To do that our yields have to be below 5%. You can see how close we are. We are way ahead of the other bailout countries. Portugal is twice our yield for example. They are already condemned to a new bailout.

The reason why a "No" vote will guarantee another bailout and harsher conditions and austerity is that the minute the market gets word of the vote that yield will rocket again to levels that we will not be able to contain prior to the end of the current bailout. It's as simple as that. A "YES" vote reward will be lower bond yields facilitating a return to the market.

This is the real world not the world of make believe from the "No" side. You want to take that risk with your future, with your children's future? That graph in that link is all that matters if we want to regain economic independence.

That's it. There is nothing to argue about. Be stupid and vote "No" if you like but you will pay the price. The world is not a land of milk and honey. We don't have the room to fúck around like in previous treaties.

I posted this earlier but figured it's persuasive enough for a thread.

And that was a party political broadcast on behalf of FG/FF/Labour :rolleyes:

" vote "No" if you like but you will pay the price. " Vote yes and you will pay the price of bailing out the gambling debts of super rich speculators. Lovely :rolleyes:

K-9 · 06-05-2012 09:58AM

Thread moved to Elections and Referendums.

RandomName2 · 06-05-2012 01:04PM

Look, here are the reasons to vote yes:

Access to the ESM
Provides support to the government and weakens fringe leftist groups
Provides, in theory, some sort of mechanism to curb rogue economic states in eurozone.
It will probably pass anyway, regardless of Irish vote.

Reasons to vote no:

Grants other countries the capacity to veto our national budget.
Won't cure what it's attempting to fix (won't prevent future economic bubbles).
Further federalises Europe

Garbage about our economy collapsing if we vote 'no', or having permanent austerity measures if we vote 'yes' gets on my nerves.

Vote YES for return of economic sovereignty

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