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Bank Inquiry Snookered?

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May I congratulate the "establishment" on its scare-mongering, self-serving campaign to ensure that the banking crisis which brought the country to its knees is unlikely to ever be the subject of an in depth public inquiry by our elected representatives.

Letter published in the Irish Times on 2nd November 2011.

White Collar Crime and Inquiries

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Following on from John McManus's piece (12th September) would someone explain why civil actions cannot  be initiated against the key individuals that grossly mismanaged the economy, the banks and their borrowings over the past decade? This legal route would speed up the collection and presentation of evidence and reduce the duration and complexity of any possible trials.

It is worth noting that the Quinn family has gone to court claiming grounds for suing Anglo for alleged negligence, breach of duty and intentional and/or negligent infliction of economic damage and, separately, that the High Court has ruled that the chief executive and director of a leading bank (NIB) was grossly negligent and that his conduct had fallen below the required standard and constituted a fundamental failure of governance.

Surely, grounds for pursuing politicians, regulators, senior civil servants, bank directors and major property developers might include possible breach of trust, dereliction of duty, failure to manage, incompetence, negligence, fraudulent or reckless trading, dodgy tax activities, misrepresentation, failure to disclose, lying, falsifying documentation, breach of fiduciary duty, abdication of duty of care and so on.

Maybe, passing the referendum on Dail committees will (at last) facilitate the establishment of a proper investigation, with the assistance of whistleblowers, into what went wrong and who were primarily responsible and thus opening up the scope for civil actions.

Letter published in the Irish Times on 16th September 2011.

Nominating a President

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I am minded to spoil my vote in the presidential election by writing "David Norris" on the ballot paper as a protest against the domination of the nomination process by politicians. If enough voters do the same, the pressure will be on for a referendum to alter article 12.4.2 of the Constitution to allow the electorate to directly nominate candidates by collecting, say, fifty thousand signatures of support. The same referendum should also propose a five-year term.

Letter published in the Irish Times on 5th August 2011.

Saving Ireland

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David McWilliams in the Irish Independent on 8th January 2011 had an excellent piece on how he would save Ireland if he ever became Taoiseach. Here is a summary of his ten-step plan:

    1. Hold a referendum to confirm that the people wish to renounce the debts of Irish banks.
    2. Convert Ireland's bank debt problem into a euroland problem.
    3. Rescind the bank guarantee.
    4. Close Nama.
    5. Impose debt-for-equity swaps onto bank bondholders.
    6. Get the ECB to accept that it is unlikely to be ever repaid the €97 billion injected into the Irish banking system.
    7. In due course, convert the funds owing to the ECB into bank equity.
    8. Make domestic mortgages "non-recourse" and simplify the bankruptcy laws.
    9. Extend the vote to all Irish citizens no matter where they live.
    10. Draw on some of the $800 billion deposited in the IFSC to help rebuild a New Ireland. 

These proposals co-incide with views expressed here, for example, close Nama, reject the bailout, terminate the bank guarantee and use debt-equity swaps to recapitalise the banks.

IMF/ECB/EU Bailout

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If any new EU treaties are planned for the next decade, it is increasingly likely they will be blocked by Irish referenda and there will be no reruns to reverse decisions.

Our debt crisis cannot be solved by increasing debt, and a deep recession cannot be reversed by reducing economic activity.

And can we stop talking about a €85 billion rescue package as €17.5 billion is our own money and up to €35 billion could end up being used to "rescue" major continental banks and the ECB.

Letter published in the Sunday Business Post on 12th December 2010.

Changing the Irish Constitution

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As indicated in my posting Your Country Your Call, I submitted an idea entitled New Republic - New Constitution proposing that a Citizens' Assembly be established to help prepare a new Constitution to mark the centenary of the 1916 Rising. You can vote for my entry here.

In this posting, I elaborate on the proposal by suggesting some possible changes to the 1937 Constitution, I cannot be too specific as I don't have all the answers and don't even know all the right questions!  Purposefully, I have steered clear of some potentially controversial issues like the status of Irish, religion and the family. Constitutional law can be very technical and it would be important to consult widely via the proposed Citizens' Assembly and to secure the help of experts and other interested parties.

You can view the Constitution or buy a copy in bookshops for under €3. Relevant material on the Internet includes the following:

Of course, the political parties have their own views on possible constitutional changes as do many representative and special interest groups.

Here are my thoughts to get the ball rolling:

Your Country Your Call

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I have submitted a proposal entitled New Republic - New Constitution to the Your Country Your Call competition which was launched by the President of Ireland. You can see my entry and, hopefully vote for it, at http://tinyurl.com/y7en6rh.

It proposes that the Citizens' Assembly mechanism be used to undertake a comprehensive review of the 1937 Constitution with a view to a new Constitution being put to a referendum ahead of the centenary of the 1916 Rising. A New Republic with a New Constitution would be a much more appropriate way to celebrate this than the predictable parades, flags and monuments.

I had been kicking the idea around for some time but was unable to see how it be progressed without being high-jacked by politicians for their own ends. Several references to Citizens' Assemblies in the inspiring Renewing the Republic series (published by the Irish Times during March/April) were the keys to the door!

Here is my full proposal:

Lisbon Referendum & Citizens' Initiative

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The Government should introduce a measure for Ireland similar to the Lisbon Treaty's Citizens' Initiative whereby at least a million EU citizens from several member States could request the EU Commission to bring forward proposals on a particular issue.

Based on the Lisbon model, about ten thousand Irish citizens from, say, six counties could oblige the Cabinet or Dail to consider an issue, or the Government to hold a referendum. Apparently, such a proposal was included in a draft of the 1922 Constitution of the Free State. Citizens' initiatives operate in Switzerland, New Zealand, Estonia and the US. A measure along these lines might help bridge the yawning gap between our politicians and the electorate.

Letter published in the Irish Times on 6th October 2009.

Citizens' Initiative

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Given that the main political parties all supported the Lisbon Treaty, would they consider adopting a measure for Ireland similar to the Treaty's Citizens' Initiative whereby at least a million EU citizens from a significant number of member States could request the EU Commission to bring forward proposals on a particular issue?

Based on the Lisbon model, we could be talking about a minimum of eight thousand citizens from, say, six counties being able to oblige the Cabinet or Dail to consider an issue or for the Government to hold a referendum. Apparently, such a proposal was included in a draft of the 1922 Constitution of the Free State. Citizens' initiatives operate in Switzerland, New Zealand, Estonia and about half the States in the US. A measure along these lines might help bridge the yawning gap exposed by Lisbon between our politicians and the electorate. What issues would readers propose as citizens' initiatives?

Trust the Government?

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On Friday's Morning Ireland Senator Mansergh compared the Taoiseach's appearance at Mahon to an aircraft in turbulence coming in to safely land. Others would view it as a catastrophic crash landing happening in (very) slow motion.

In the light of their sustained attacks on Mahon, it is clear that Fianna Fail and its ministers are making a major error of political judgement and, as always, have placed their party ahead of the country. It is also evident that the Greens and PDs have no courage or convictions and lack any moral standard.

In the light of this, how can the electorate trust the Government's judgement on other matters such as the Lisbon Treaty or their competence to manage our slowing economy?

Letter published in the Irish Times on 23rd Febraury 2008.

Nice Referendum & e-Voting

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The forthcoming referendum should be rejected, irrespective of any possible merits, by the electorate for two principled reasons.

Firstly, as a protest against the use of an e-voting system that fails to contain paper-based voter verification, published source code and fully tested systems.

Secondly, to object to proposals for constitutional change being pushed past the Dail and electorate over a holiday period with minimal time for reflection and debate. Instead of Green Papers on both matters we have been offered whitewash and flannel.

Letter published in the Sunday Tribune and Sunday Business Post on 25th April 2004.

Nice Referendum

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I object to being threatened and blackmailed to vote "yes" in the forthcoming Nice referendum. I cannot believe that contingency plans or alternatives have not been prepared by the Commission to cover possible Irish rejection. If these plans don't exist then it is high time that they are prepared. One way or another, they should be presented to us as the alternative to "yes". Let's be clear, a "no" result will not lead to the suspension of progress towards enlargement.

I also object to having to vote twice on Nice while citizens in other EU States are not voting even once on this critical issue. In the interests of honesty, transparency, democracy and equality, why doesn't the Commission conduct and publish the results of quasi-referenda for each of the other EU States? This would help place the Irish result in context.
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This page is an archive of recent entries in the Referenda category.

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