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Lisbon Treaty Frequently Asked Questions Answered

Campaign Against the EU Constitution

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VoteNo.ie is a website that is initiated by socialists to campaign for a No vote.
We will include material from a wide variety of sources – some of which differ from our own stances - as long as they are not promoting racist or right-wing nationalist views.

This site has two editors:

Kieran Allen is the author of the Booklet Reasons to VOTE NO to the Lisbon Treaty and a number of other books, including The Corporate Take Over of Ireland (2007) and The Celtic Tiger: The Myth of Social Partnership (2000)

Sinead Kennedy has written on culture and politics, women and the Celtic Tiger.
She is a long standing campaigner against war and for women’s rights.

Both Kieran & Sinead are also members of the Socialist Workers Party

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Latest 30.09.2009
Lisbon Treaty Creates Obstacles to tackling Future Global Economic Crises.

The EU response's to the current global economic crisis has been criticise by many for being extremely weak. While the European Central Bank has poured billions into the banking system, it has only promoted the most minimalist stimulus package. Read more

The Lisbon Treaty will, however, create even more difficulties in developing a coherent response to an economic crisis.

The origins of the Lisbon Treaty co-incited with neo-liberal economics where it was assumed that de-regulated markets and full freedom for finance would lead to greater market efficiency. The Wall Street Crash of 2006 shattered these assumptions but they still appear in an undigested form in the Lisbon Treaty,.

The section of the Treaty on Capital and Payments clearly illustrates this.

Article 56 states, ' all restrictions on the movement of capital between Member States and between Member States and third countries shall be prohibited'.

The most recent Wall Street crash was triggered by the spread of speculative financial instruments across the world. Even after the crash, there are currently estimated to be 8,400 hedge funds which have an asset base of $1.34 trillion. These funds - and the speculative activities of banks and shadow banking systems - can cause immense economic damage.

Yet the Lisbon Treaty rules out all restrictions on their movements between the EU and Third countries.

Article 57 of the Lisbon Treaty contains a lock in clause which makes it extremely difficult for the EU to row back from these neo-liberal measures.

It states, that

'only the Council, acting in accordance with special legislative procedure, may unanimously, and after consulting the European parliament, adopt measures which constitute a step backwards in Union law as regards the liberalisation of capital to or from third countries.'

The requirement for anonymity means just one right wing government can hold up measures deigned to control the activities of speculative finance. This is in sharp contrast to the shift to qualified voting in EU Commercial policy where corporate elites want grater freedom to negotiate deals on public services at the World Trade Organisation.

Voting No to Lisbon is therefore a means by which policy options can be kept more open in Europe in a new and uncertain world.

Booklet cover: Reasons to Vote No to the Lisbon Treaty
  • Booklet: 'Reasons to Vote No to the Lisbon Treaty' - Kieran Allen
    to order Send €3 to P.O. Box 1648
    Dublin 8 or bulk orders
    €25 for ten copies.
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