Πολλές φορές έγραψα για την λεγόμενη δικαιοσύνη και τους θεσμούς της και τα συμφέρονται που αυτή εξυπηρετεί με τελευταίο κείμενο μου η απόφαση του Δικατηρίου της Ευρωπαικής Ένωσης
Όταν τα συμφέροντα αυτών που εξουσιάζουν τον κόσμο απειλούνται ή υπάρχει υπόνοια ότι μπορεί να πληγούν η «δικαιοσύνη» αποκαλύπτει συνεχώς το πραγματικό της πρόσωπο
Φυσικά δεν πρέπει να μηδενίζουμε ούτε να τα ισοπεδώνουμε όλα
Δηλαδή δεν έχει σημασία αν ο τάδε είναι δικαστής κλπ και ούτε θα τον σεβαστώ επειδή φέρει τάχα αυτήν την ταμπέλα αλλά αν σαν άνθρωπος έχει αξιοπρέπεια και βλέπει το κοινό καλό και όχι τα συμφέροντα των ιδιωτών κερδοσκόπων των τραπεζών τοκογλύφων κλπ
Όλα αυτά που ονομάζονται δικαιώματα δεν τα χάρισε κανένας αλλά κερδίθηκαν με πολύ αίμα και αγώνες των ανθρώπων και δεν πρόκειται να τους χαριστεί τίποτα αλλά θα αξιοποιείται ό,τι ει΄ναι δυνατόν ακόμα και τα δικαστήρια που πολλές φορές αν πέσεις σε άνθρωπο τότε μπορεί και να τους ξεμπροστιάσει
Έχω γράψει ήδη για τον ESM που ο χριστόφκιας υπέγραψεν πηλέ τζαι ούλλοι οι βολευτές το ίδιο τζαι κανένας σας εν επήρεν χαάρι γιατί η κάθε αχάπαρη κενεβεζα βίκτωρ και άλλα αχάπαρα έτσι κι αλλοιώς κοινωνικά αγράμματα παπαγαλάκια του συστήμτος δεν σας το είπε
Σήμερα το ανώτατο δικαστήριο της Γερμανίας κήρυξε αυτόν τον τοκογλυφικό μηχανισμό ως νόμιμο θέτοντας απλά κάποιες επουσιώδεις προυποθέσεις όπως πχ η συνεισφορά της Γερμανίας αν ξεπεράσει τα 190 ΔΙΣ να πρέπει να έχει την έγκριση της βουλής και όσον αφορά το απόρρητο αυτού του ιδιωτικού οργανισμού που θα βάλει την θηλιά στο λαιμό όλων μας
Στην Κύπρο και στην Ελλάδα απλά μας έγραψαν στα @@ τους και ούτε καν έθεσαν θέμα κατά πόσο θα μας πυροβολήσουν ή θα μας κρεμάσουν ή αν θα μας πηδήξουν ή να πηδηκτούμε από το παράθυρο
Πιο κάτω είναι η είδηση στα ελληνικά από το tvxs αλλά πιο ολοκληρωμένη η είδηση εδώ
The country’s economy minister Margrethe Vestager, told Bloomberg that it wants guarantees that any bank oversight in Europe won’t put its lenders at a competitive disadvantage, “regardless of whether Denmark is part of the supervision”. She added:
If we, as a country outside the euro, are to join the supervision, it will have to be on equal terms, ensuring that we will also be in on deciding how to set up supervision. If a bank gets into troubles, other banks must support it. Taxpayers will not have to pay, as in the Danish model where banks stand up for each other.
14.18 Italian PM Mario Monti hasdescribed today’s German constitutional court ruling as «excellent news,» adding that the judgment «removed the last obstacle for the implementation of the European Stability Mechanism treaty and the fiscal compact treaty».
Speaking in Rome, he added that the €190bn limit on Germany’s share of the fund did not «represent an unpredictable brake in the process of stabilisation of the markets».
13.43 A BBC journalist asks if today’s proposals mark the begininng of the end of London’s status as the financial centre of Europe.
Mr Barnier replies that he thinks and hopes that London’s place will remain pre-eminent. «It’s not just important for the UK but for Europe,» he adds.
Britain’s position will be even stronger if the eurozone works well, he says, adding that for David Cameron and George Osborne, the UK’s interests are for the eurozone to escape the crisis, and that it is strong and well managed.
«I think that what we are suggesting is in the interests of the City,» he adds, «We have gone far to organise dialogue between the EU and eurozone countries».
13.34 Mr Barnier is asked if any countries outside the eurozone expressed a wish to join. Mr Barnier says that it would not be «reasonable or prudent» to name countries, but adds that some are «seriously thinking about this possibility already» and insists that these countries will have access to all the information that those inside the euro club have.
13.30 Mr Barnier and his team did think about setting up a completely new body to supervise the banks, but decided to use the ECB’s resources «to prevent more bureaucracy,»
He repeats that the ECB will be supported by national supervisors, «they will provide a network of expertise for the single supervisor,» says Mr Barnier.
13.26 Mr Barnier also calls for a more stringent deposit protection scheme, with a clear «recovery and resolution framework». Creditors must also stump-up the cash when banks get into trouble, not just taxpayers, he says.
13.25 National supervisors will retain responsibility, especially with regards to the protection of consumers, says Mr Barnier.
Those not in the euro area but in the EU may decide to join, says Mr Barnier, but for those who don’t, supervision in these countries will not change at all.
Michel Barnier gestures during a press conference on Wednesday (Photo: AFP).
13.21 Mr Barnier says that there will not be a dramatic change on January 1 next year, as the ECB would not be able to monitor all banks by then. This would not be «a serious approach» to take, he says.
Mr Barnier adds that the supervisor «may go and look at certain aspects of a given bank which may pose a risk». The biggest banks will be monitored on a regular basis, he says, especially those that have received state aid.
He hopes that a supervisor for all eurozone banks will be up and running by July 2014.
13.10 Mr Barnier says the proposals aim to monitor the sources of risk for member states. «We have to put in place a better and more efficient system to cover all banks in Europe,» he says. «This is very important because the banking issues raised by some become the issue of others because of the interconnectedness that can have a knock-on effect.»
We’re not just talking about a technical issue, it’s a political issue, he says.
13.05 Michel Barnier, the EU Commissioner responsible for internal market and services, will hold a press conference shortly on the banking supervision proposals outlined by Mr Barroso this morning. You can watch it live here.
Michel Barnier (right) in the European Parliament today (Photo: Reuters).
12.38 Maria Fekter, Austria’s finance minister, has described the ESM ruling and the ECB’s bond buying plan as “milestones” for “stable crisis infrstructure”.
Ms Fekter told an Austrian press agency that the country would transfer its first €900m tranche to the permanent bail-out fund this autumn.
12.20 Wolfgang Schaeuble, Germany’s finance minister, has welcomed EU proposals for banking supervision, but called for realism on its scope and implementation timeline.
In a statement, he said that the ECB should focus on the supervision of “systemically-relevant banks for the time being” as it can’t oversee 6,000 banks in Europe in the short term.
On the ESM, he said that it could be operational “within a few weeks”.
12.05 In Holland, politicians have been posing for those obligatory voting shots as Dutch citizens head to the polls.
Once they’ve made their choice, voters post their ballot papers into what can only be described as a black wheelie bin:
Cast your votes now: clockwise from top left, Mark Rutte, current PM and leader of the conservative-liberal People’s Party, Geert Wilders, leader of the right-wing Party of Freedom; Socialist Party leader Emile Roemer; voters at a station in the Hague.
11.35 She adds that the eurozone’s problems must be solved by individual members, and that steps to boost European competitiveness must also be taken.
She rejects the idea of eurobonds – again, but says that she see talks on closer EU integration by December.
Mrs Merkel also welcomes the EC’s proposals, but says that the ECB cannot be expected to oversee all banks. She says:
The supervision has to function qualitatively, so that it doesn’t come into being and then it doesn’t work. It has to be about the quality of supervision, not the quantity.
11.22 German Chancellor Angela Merkel has described the ruling as a «good day for Germany» and Europe (translation courtesy of Bloomberg).
She tells parliament that the court ruling gives security to the Bundestag and German taxpayer.
German Chancellor Merkel arrives for start of a session of Bundestag at the Reichstag in Berlin (Photo: Reuters).
11.11 Spanish prime minister Mariano Rajoy has again insisted that he will monitor the nation’s borrowing costs before deciding whether to seek a full-scale rescue. Addressing parliament this morning, he said:
I still don’t know the conditions nor whether it is necessary for Spain to request it […] We will see how the risk premium develops and the financing differentials ahead.
Spanish Prime Minister Mariano Rajoy answers a question during a parliamentary session in Madrid on Wednesday (Photo: Reuters).
Meanwhile, deputy economy minister Fernando Jimenez Latorre told reporters that there was no urgency over Spain’s decision because the country could now issue debt in “more comfortable” conditions. He added:
The important thing is that when whatever assistance that is needed is requested that it should be well received in the markets.
10.48 Following this morning’s ruling, Jean-Claude Juncker, the head of the Eurogroup of finance ministers, has said that the ESM governing board will hold its inaugural meeting on October 8.
In a statement, Mr Juncker said that each of the 17 eurozone members will have one representative on the board. He said:
I take note of the decision of the German Federal Constitutional Court concerning the request for a preliminary injunction concerning the ratification by the German government of the treaty establishing the European Stability Mechanism (ESM) and the treaty on Stability, Cooperation and Governance in the Economic and Monetary Union (TSCG).
Taking full account of all elements of the ruling, I look forward to the completion of the outstanding procedures allowing for the Treaty Establishing the European Stability Mechanism to enter into force. I plan to convene the inaugural meeting of the ESM-Board of Governors in the margins of the Eurogroup meeting of 8 October in Luxembourg.
The TSCG will enter into force once twelve euro area Member States have ratified it, but not earlier than 1 January 2013.
Both treaties represent a major step forward towards closer fiscal and economic integration and stronger governance in the euro area. They are part of our comprehensive strategy to bolster the outlook for fiscal sustainability and growth in the euro area.
10.21 Spanish and Italian borrowing costs may have fallen this morning, but here’s another reason why they shouldn’t pop open the champagne bottles just yet.
Guntram Wolff, deputy director at European think tank Bruegel, argues that Karlsruhe may still require changes in the ESM treaty that could «significantly delay» its implementation:
The German constitutional court has, as was widely expected, given a «yes-but» answer to the ESM treaty. The «But» refers to Article 8(5), sentence 1 «The liability of each ESM Member shall be limited, in all circumstances, to its portion of the authorised capital stock at its issue price.» The crucial point here is the reference to the «issue price».
[…] The second «but» refers to Article 32 (5), Article 34 and Article 35 (1). The court demands here that the two chamber of the German parliament (Bundestag und Bundesrat) need to be fully informed. In the reading of the court, the three articles could be read in a way that this full information of the parliament is restricted.
[…] The Karlsruhe judges now demand the that these two objections are removed in a «völkerrechtlich bindend» way, meaning in a way that it binding in international law. My first reaction would be that this probably cannot be done by just agreeing in the German implementation law that the conditions are met. It may require changes in the ESM treaty or a new side treaty to the ESM. So my suspicion is that it will significnatly delay the implementation of the ESM.
10.13 The court’s job isn’t over, however. Following a request by German MP Peter Gauweiler, its next job is to examine whether the ECB’s new bond buying programme (OMT) means part of German sovereignty is transferred to the ECB.
Peter Gauweiler (R) of the German Christian Social Union and fellow petitioner of the ESM, former German Justice Minister Herta Daeubler-Gmelin, sit in a courtroom of the Federal Constitutional Court (Bundesverfassungsgericht), where judges of the Second Senate issued their ruling on the legality of the eurozone’s bailout fund (Photo: AFP/Getty).
10.06 More reaction from Germany’s foreign minister, Guido Westerwelle, who describes the ruling as a demonstration of «pro-European spirit».
09.55 Michael Meister, a member of Ms Merkel’s Christian Democratic Union party, has described the constitutional court ruling as a «slap at ESM opponents».
In a statement, he said that the liability cap is what German legislators wanted and that he was «very satisfied» with the ESM ruling.
09.48 Meanwhile, Spanish and Italian borrowing costs have fallen. Spanish 10-year bond yields fell 10 basis points to 5.5pc, while Italian bond yields have fallen back below 5pc to 4.992pc.
09.43 Germany’s borrowing costs shot up following the announcement. Benchmark 10-year bond yields spiked to 1.6265pc.
09.40 If you’re so inclined, you can read the ruling in full here:
09.32 Bruno Waterfield sends his initial thoughts:
The €190bn cap on Germany’s liabilities in the ESM bailout fund will be a major political obstacle.
In the last last two years of euro crisis, there has been only one certainty that the bill for propping up the euro always gets bigger.
In fact the current size of the ESM – €500bn – now seems almost quaintly, naively tiny as the EU contemplate direct bank bailouts in Spain and bond purchases to shore up Italy, the eurozone’s third largest economy.
An increase in firepower will now become a major political event in Germany.
09.26 Freudian slip? Mr Vosskuhle mistakenly says that plantiff complaints were justified, but quickly corrects himself. They were NOT justified, he says. Laughter is heard, and even Mr Vosskuhle smiles.
09.22 Germany does have the right to raise its ESM share in the future, but any move must be approved by both houses.
The President of German Constitutional Court Andreas Vosskuhle enters the courtroom before announcing the ruling on ESM and the fiscal pact in Karlsruhe (Photo: Reuters).
09.18 The court says both houses of Parliament must be informed of ESM decisions.
09.16 The main condition is that the German government must set a cap for Germany’s ESM liability – at €190bn.
09.15 The eurozone’s permanent bail-out fund HAS BEEN ratified – with conditions…….
09.12 Germany’s constitutional court is about to deliver its ESM verdict. Andreas Vosskuhle, President of Germany’s Constitutional Court has been reading out a list of complaints and complainants for the last 13 minutes. While we wait, here’s what Mr Vosskuhle looks like when he’s not wearing his red robes:
Andreas Vosskuhle (left), President of Germany’s Constitutional Court arrives at the Bundesverfassungsgericht in Karlsruhe on Wednesday (Photo: Reuters).
08.59 The «roadmap» to a full banking union was obtained by Bruno Waterfield yesterday. You can read it here:
08.55 The European Commission outlines its proposals for new powers for the ECB here,and has compiled a separate list of FAQs (there are 22 of them) on the new proposals here.
And here’s Mr Barroso’s speech in full.
08.42 Back to the serious stuff.
Mr Barroso says closer integration is about creating «a federation of nation states, not a super state.» There are a few audible groans from the audience.
Union is about countries being better equipped to control their own fate, he says, and is designed to work with member states, not against them.
«In these times of anxiety it will be a mistake to leave Europe’s fate to popularists and nationalists,» he says.
Creating this federation of nation states will ultimately require a new treaty. We are all aware of how difficult treaty changes have become, but a deep and genuine union can only be completed with changes to the treaties.
08.38 Anyone playing Barroso buzzword bingo?
European Commission President Barroso addresses the European Parliament in Strasbourg (Photo: Reuters).
08.32 The Commission will publish an economic blueprint this autumn which will outline possible treaty changes, says Mr Barroso.
08.30 Next, he announces measures that will be a «stepping stone to a banking union». «The crisis has shown when things went wrong it was the taxpayers who has to pick up the bill,» he says. «Mere coordination is no longer adequate».
He says that the single supervisory mechanism outlined today will restore confidence in the supervision of banks in the euro area.
Supervision must be everywhere, because problems can arise anywhere.
08.28 Mr Barroso turns to Greece. He says he «truly believe[s] that we have a chance this autumn to reach turning point». He says that Greece must banish all doubts about its commitment to reform, while other states must banish all doubts about their willingness to support Greece.
On the ECB, he suggests that OMTs are within the bank’s mandate, and the bank «has not only the right, but the duty to restore the integrity of monetary policy.»
«All actors should respect the ECB’s independence,» he adds.
08.23 Mr Barroso sees a «social emergency» in some parts of Europe. He wants to implement a «youth guarantee scheme» which will to facilitate training. He also wants to implement measures that will fight tax fraud and evasion, which could yield billions of euros.
08.21 He says that today’s speech is about presenting a «decisive deal» for Europe. He stresses that the Eu needs to support countries via innovation and investment growth.
08.19 He says the weaker countries should leave no doubts about their willingness to reform, while stronger countries must leave no doubt about the EU sense of solidarity.
«We are in this together and we must resolve this together,» he says.
08.16 He adds:
<noframe>Twitter: Jose Manuel Barroso – Not acceptable to present European summits as boxing matches, claiming a KO over a rival <a href=»http://search.twitter.com/search?q=SOTEU» target=»_blank»>#SOTEU</a></noframe>
08.13 Mr Barroso says thatsome European countries can no longer steer the course of events on their own – some audience members clap.
Europe needs more integration, he says. Part of that means «accepting we are all in the same boat» [and] embracing the interdependence of countries’ existence. He says:
When you are in a boat in the middle of a storm, absolute loyalty is the minimum you expect of the crew members.
European Commission President Barroso arrives to address the European Parliament in Strasbourg on Thursday (Photo: Reuters).
08.12 Mr Barroso says Europe continues to be in crisis. Not just a financial crisis, but an economic crisis and a political crisis – a crisis of confidence.
The eurozone’s current structure is «not up to the job» he says. It has been a «painful» and difficult effort, and citizens feel their way of life is at risk, he adds.
«Europe needs a new direction, and this direction cannot be based on old ideas,» he says.
08.00 Mr Barroso’s speech will begin shortly. You can watch it here. Or here.
07.53 Writing in this morning’s Times newpaper, Alan Posener, political correspondent at German daily Die Welt, argues that the eight judges should not pass into law what he brands a «textbook example of non-accountability» (£):
In its ruling on the Lisbon treaty in 2009, the court agreed in general terms that Germany can pool sovereignty in the EU. The aim of European unity is, after all, enshrined in Germany’s “basic law”. However, the Bundestag had no mandate to surrender its own sovereignty to European institutions.
This, however, was what it had done. Red-faced, the Bundestag had to draw up new laws governing Germany’s participation in Europe under the Lisbon treaty. In theory at least, ministers must now obtain prior backing from the Bundestag before agreeing to anything that infringes German sovereignty. And the power of the purse is one of Parliament’s most cherished rights and most potent weapons. It’s hard to see how the court could agree to the Bundestag’s signing away the right to dispose of billions of euros to a non-accountable body with non-elected members meeting in non-public session. If it did, it would certainly disappoint more than just the 37,000 plaintiffs.
07.45 Then, at 10am BST, eight men and women donned in red robes will deliver a closely watched ruling on the legality of the eurozone’s permanent bail-out fund – the European Stability Mechanism (ESM).
Under current provisions, Germany would be the €700bn (£560bn) fund’s biggest creditor, with liabilities of up to €190bn.
Judges stand in the Bundesverfassungsgericht, the country’s constitutional court (Photo: Reuters).
07.38 Last week, Italian daily Il Sole 24 obtained a 33-page draft document outlining more powers for the European Central Bank, which would have the power to grant and withdraw banking licences under banking union proposals.
07.35 Jose Manuel Barroso, the president of the European Commission, will deliver his «state of the union» address in Strasbourg this morning, where he is expected to outline plans for an EU-wide banking union.
But as our Brussels correspondent Bruno Waterfield reports, the proposals could see British lenders shut down or forced into taxpayer-funded bail-outs against the wishes of the UK government:
A panel of European officials would be given sweeping new powers to police the financial sector across the continent but also in the City of London.
They would be given «full decision making powers» to impose EU law and to arbitrate disputes between Britain and the eurozone over the risks posed by British banks, according to the proposals being tabled on Wednesday at the European Commission. Decisions taken by the powerful body would be automatically binding unless Britain was able to win the unlikely backing of a majority and overturn them.
Rulings by the panel could create huge costs for the British government and banks if they were ordered to bail out a struggling institution, contribute to cross-border bail-out funds, or allow the EU to rule over breaches of European law.
EC president Jose Manuel Barroso will begin his speech at 9am BST (Photo: Reuters).
07.30 Good morning and welcome back to our live coverage of the eurozone debt crisis.
Debt crisis live: archive
Στην πολυαναμενόμενη ετυμηγορία, η Καρλσρούη δίνει το πράσινο φως για τη συμμετοχή στο μηχανισμό στήριξης, θέτει, ωστόσο, ως ανώτατο όριο συνεισφοράς από μέρους της Γερμανίας τα 190 δισ. ευρώ. Το όριο αυτό μπορεί να ξεπεραστεί μόνο με απόφαση των Γερμανών βουλευτών.
To Δικαστήριο απέρριψε επίσης τις ενστάσεις για το πρόγραμμα αγοράς ομολόγων από την ΕΚΤ.
Ο Γερμανός πρόεδρος μπορεί πλέον να κυρώσει τη συμμετοχή του Βερολίνου στον ESM, όπως έχει ήδη ψηφιστεί, και ο μόνιμος μηχανισμός να μπει χωρίς άλλα εμπόδια σε λειτουργία.
Ανακοινώνοντας την ετυμηγορία, ο πρόεδρος του γερμανικού Συνταγματικού Δικαστηρίου Αντρέας Φόσκουλε υπογράμμισε πως στη λήψη της απόφασης συνυπολογίστηκε και η βαρύνουσα σημασία της υπόθεσης για τη συνολική οικονομική σταθερότητα, επισημαίνοντας ωστόσο ότι το υφιστάμενο πλαίσιο λειτουργίας του ESM εγείρει «αβεβαιότητες» για την γερμανική έκθεση σε ευρωπαϊκό χρέος. Επιπλέον, σημείωσε ότι «μόνο με δημοκρατικές διαδικασίες μπορεί να έχει μέλλον η Ευρώπη», μια επισήμανση που θεωρήθηκε ασυνήθιστη για την Καρλσρούη.
Οι επικριτές του ESM στη Γερμανία υποστήριξαν στο δικαστήριο ότι η συμμετοχή στο μόνιμο μηχανισμό συνιστά «λευκή επιταγή» και ο ESM δεν είναι υπόλογος στη δημοκρατικά εκλεγμένη πολιτική ηγεσία.
Όπως ανέφερε χαρακτηριστικά, η έμφαση που έδωσε το δικαστήριο στα δικαιώματα του κοινοβουλίου διασφαλίζει τους βουλευτές και τους φορολογούμενους. Επιπλέον, η Γερμανίδα καγκελάριος επανέλαβε τη θέση της, ότι τα κράτη που πλήττονται από την κρίση πρέπει να αναλάβουν τα ίδια την επίλυση των προβλημάτων τους.
Η κ. Μέρκελ υπογράμμισε ότι για την κρίση χρέους που πλήττει την ευρωζώνη έχουν ευθύνη όλα τα ευρωπαϊκά θεσμικά όργανα, συμπεριλαμβανομένης της Ευρωπαϊκής Κεντρικής Τράπεζας. «Η ΕΚΤ θα πρέπει να κάνει το καθήκον της στο πλαίσιο των αρμοδιοτήτων της» δήλωσε χαρακτηριστικά.