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But the economic history of the first two decades of this century will be written by the "partners".

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Tue Jun 7th, 2011 at 12:43:07 PM EST
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It's not yet certain that the political history will be.

The ECB is (literally?) playing with fire here.

Here's a question - what kind of concerted EU-wide political action would be needed to remove the ECB's headlock on national policy across the EU?

by ThatBritGuy (thatbritguy (at) googlemail.com) on Tue Jun 7th, 2011 at 01:24:40 PM EST
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How about a Europe-wide referendum of the form that is allegedly forseen by the Lisbon Treaty? 1 million signatures, isn't it?

The road of excess leads to the palace of wisdom - William Blake
by talos (mihalis at gmail dot com) on Tue Jun 7th, 2011 at 06:09:02 PM EST
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It is. But the provision was only ratified in April, and won't become active until 2012.

And it's not a forced referendum or a demand for policy - it's a petition mechanism that asks the Commission to, like, think about stuff, if it wouldn't mind, and if it's not doing anything too taxing elsewhere.

Even so - it would make a terrific media campaign. And given current sentiments, I'd be surprised if it took anything like a year to get a million signatories supporting broad anti-bankster measures.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Tue Jun 7th, 2011 at 07:04:15 PM EST
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yes

ThatBritGuy:

Even so - it would make a terrific media campaign. And given current sentiments, I'd be surprised if it took anything like a year to get a million signatories supporting broad anti-bankster measures

much better than blairblocking even

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Tue Jun 7th, 2011 at 09:31:54 PM EST
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We could plan to have a qualified petition ready for submission on the day the provision comes into effect, if that is allowed.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Jun 7th, 2011 at 10:22:59 PM EST
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