We Lose Our Independence. In signing the ESM we irrevocably cede our financial independence to the European bureaucracy.  This is the same bureaucracy that coerced our government to repay the unsecured debts of the French and German banks as a condition of our ‘bailout’ at an interest rate that promised the troika a sizable profit.  By imposing the burden of banking debt on the Irish taxpayer they clearly prioritized the solvency of the French and German banking systems over that of the Irish state.  We would be fools to expect better treatment in future.

The EU Superstate Will Suffocate Europe. We must resist the growth of the European superstate.  There is no effective democratic check to the bureaucracy and unchecked it will suffocate enterprise and economic growth in Europe just as the Soviet Union created an economic wasteland of Eastern Europe and Russia.  Ironically the EU superstate will appear to many Europeans as a colonial foreign power and its emergence has already begun to stimulate the growth of extreme nationalist parties across Europe.

We Need To Cut Deficits Not Finance Them. To borrow further funds to finance the high government deficit is to delay the fundamental changes that are necessary to restore our economic future.  As the most indebted nation in the world we can no longer afford to pay the most generous terms to our public servants and social welfare recipients.  Our governments have proven singularly gutless in cutting public expenditure to date.  They have targeted the vulnerable and avoided the powerful.

I’m under no illusion that we have a difficult road ahead but I do want to ensure that the destination is one that I look forward to rather than fear.

In Ireland, ideological debate has been a pastime for the parties on the fringes.  The major political parties of Fianna Fail and Fine Gael have for a long time operated  ideology free with a shared commitment to the status quo.  When the two dominant parties are de facto favor clubs where support is traded for patronage, the common good has come dead last to the vested interests of organized lobbies.

It’s tragically apparent that the Irish political system has failed utterly.  If we are to return the state to a sound economic footing and restore the prospects of the next generation we must fundamentally reform the Irish political system.  We have elected politicians who promised us a responsibility free life where everyone has rights but very few obligations.  Despite voluminous waffle about building a “Smart Economy” we have created a “Nonsense Economy” where all the incentives are to reward those who avoid risk.  The governing principle has been to reward loyalty with security of tenure. Performance management is a foreign concept that has been fiercely resisted in our public service and professions.   We have abandoned any sense of equity by adopting the politically expedient principle of “last in worst paid”.  The security of the incumbent generation comes at great cost to our youth and future generations.  We can not allow this situation to continue.

Current political discussion revolves around the short to medium term considerations of where our next bailout will come from.  Nobody in government has had the vision and courage to address the urgent changes required to secure our long term future and we continue to pay Europe leading salaries, increments, and boom time pensions to our public service who remain insulated from any requirement to change.  I find it deeply depressing that our political establishment should so readily trade our long term interests for short term comfort when I consider the hardships so willingly endured by my grandfather and his generation to secure our independence.

The country is in a shameful mess.  It is high time for each of us to get over our embarrassment, engage with politics and start putting things right.

The days for saying nothing and smiling are over.  Let’s change things for the better.