Not looking good for France-business optimism is down
again:"...National statistics institute INSEE said on Tuesday [23rd. October] its
indicator for morale in the manufacturing sector slumped to 85 in October, worse
than the lowest estimate in a Reuters survey of 23 economists. The poll had
forecast business morale would be unchanged from last month at 90. The
indicator was dragged lower by a sharp deterioration in survey responses
relating to total orders and demand, which slumped to -39 from -28 in September
- dragged lower by the deepening recessions in southern euro zone nations such
as Italy and Spain, which rank amongst France's main export markets..."That's a big drop by any stretch of imagination...As a member of the public I would like to go on record as saying that I am
not deeply unhappy with the the EU. In fact, I am absolutely bloody furious ! A
bigger bunch of narcissist, egotiscal lunatics I have never seen in my life.
Their battle cry of "The project is more important than people" is never far
from their lips. Mr Hague do everyone a favour and tell "call me Dave" to get
going on planning a referendumon th EU now, the UK voting public would thank you
for it. As far as I'm aware the ESM is outside any laws and jurisdictions, not just
those of Europe.
If this lot doesn't constiture being above the law, I don't know what
does: "...In the interest of the ESM, the Chairperson of the Board of Governors,
Governors, alternate Governors, Directors, alternate Directors, as well as the
Managing Director and other staff members shall be immune from legal proceedings
with respect to acts performed by them in their official capacity and shall
enjoy inviolability in respect of their official papers and documents.
The ESM, it's property, funding and assets, wherever located and by whomsoever
held, shall enjoy immunity from every form of judicial process except to the
extent that the ESM expressly waives its immunity for the purpose of any
proceedings or by the terms of any contract, including the documentation of the
funding instruments.
The property, funding and assets of the ESM shall, wherever located and by
whomsoever held, be immune from search, requisition, confiscation, expropriation
or any other form of seizure, taking or foreclosure by executive, judicial,
administrative or legislative action.
The archives of the ESM and all documents belonging to the ESM or held by
it, shall be inviolable. The premises of the ESM shall be inviolable. The official communications of the ESM shall be accorded by each ESM Member
and by each state which has recognised the legal status and the privileges and
immunities of the ESM, the same treatment as it accords to the official
communications of an ESM Member. To the extent necessary to carry out the activities provided for in this
Treaty, all property, funding and assets of the ESM shall be free from
restrictions, regulations, controls and moratoria of any nature.
The ESM shall be exempted from any requirement to be authorised or licensed
as a credit institution, investment services provider or other authorised
licensed or regulated entity under the laws of each ESM Member..." And it's officers, staff, and associates, past and present, are also bound to
secrecy: "...The Members or former Members of the Board of Governors and of the Board
of Directors and any other persons who work or have worked for or in connection
with the ESM shall not disclose information that is subject to professional
secrecy. They shall be required, even after their duties have ceased, not to
disclose information of the kind covered by the obligation of professional
secrecy..." I know that all the politicians are fully aware of these ilegalities , but it's worth impressing it
once more, because I can't believe how any nation or state would sign up to this!
