MERHBA FIL

WE SWEAR TO FREE MALTA FROM THE SLAVERY, COLONIALISM AND DICTATORIAL ILLEGAL EUROPEAN UNION RULE

TELL YOUR PARLIAMENTARY DEPUTY THAT YOU WANT MALTA TO REGAIN INDEPENDENCE AND FREEDOM

The European Union ordered that in 2011 the Maltese and Gozitan people pay it €68,000,000

€186,000 daily stolen from your childrens mouths

We distance ourselves from the road to EU failure

By the Campaign for National Independence CNI

The disastrous policy that the European Union is imposing upon the member countries is causing more damage than benefits.

This is because this policy contracts the countries’ economies and instead of reducing debt, increases it.

For a country to reduce debt, what is required is to increase work and the number of people working.

With more people working and more work, economy expands and income from taxes increases and the expense on social aid decreases.

In every European Union member country where harsh austerity measures were introduced, Government income decreased and debt continued to increase.

This is what happened in Greece, and the Greek economy is continuously contracting and poverty is increasing.

Also in Ireland, with the harsh austerity measures the economy is contracting.

The same is happening in Portugal as a consequence of the harsh austerity measures that were introduced.

These countries did not succeed to decrease debt, indeed the public debt increased.

It clearly appears that the European Union policy is going to cause economic recession and the financial situation is going to worsen not become better.

In the past they used to brag that the European Union economy as going to be the most dynamic one, in the world.

Now, there is not agreement, but wailing that the European Union is in an economic crisis, and at the same time, also in a financial crisis.

The European Union is begging countries such as China, Brazil, Japan, and other Asian countries, to help it to overcome the crisis.

It does not appear that these countries are ready to help the European Union, because they are afraid that the European Union policy is making its ailments worse rather than helping it recover.

Economic recession in the European Union countries means that Malta exports less to them and fewer tourists come from them.

To shore ourselves against this strike, we have to increase production for the local market and reduce the importation of products that we can produce in our country.

It is necessary to find new markets for our products in countries outside the European Union, and focus an advertising campaign in countries outside the European Union.

Above all, it is necessary to abandon the disastrous European Union policy by employing more people, not reduce their employment.

The European Union Fiscal Treaty is a political suicide for Malta

The European Parliament in Strasbourg, on 16 December, accepted the invitation of the European Council, Van Rompuy, and appointed three Parliamentary members for the Forum of around 100 delegates that is to be set up probably by the end of the year, to participate in the discussions on the new Fiscal Treaty that s being proposed for the 17 Euro Zone countries and for those other countries from the other EU members who have not introduced the euro and want to join the Treaty.

The three European Parliament Members that were chosen are the Belgian Guy Verhofstach, the German Edmar Brok and the Italian Roberto Gualtieri.

The Forum of around 100 delegates is expected to be set up by the European Council, includes three delegates from each EU country that wants to join the new Fiscal Treaty, three officers from the European Commission, and three officers from the European Central Bank, apart from the three European Parliament Members that have already been chosen. It is said that probably the three delegates from the EU member countries will be, one from the political sector, another one a legal representative and another one an economist.

The President of the European Council Van Rompuy will be assisted in the negotiations that will be made in the forum, a number of technocrat officers appointed by the European Council.

The delegates are expected to meet in Brussels as much as is necessary to finish their discussions on the Treaty by the end of next January.

It is being said that Thorius Wieser, an officer in the Austrian Minister for Finance, who is presently leading a working group of the Euro Zone countries, is going to preside the Forum.

A preliminary draft of the treaty appears to have been already drafted by the European Commission officers and is going to be distributed to the EU countries (Except the UK) this week.

What the Fiscal Treaty contains

Although the preliminary draft of the fiscal Treaty is not known, according to a letter that on the 7 December (on the eve of the EU countries leaders meeting), the German Chancellor Merkel and the French President Sarkozy sent to the President of the European Council Van Rompuy, the Fiscal Treaty is to create a new common legal framework that allows rapid progress of financial regulations, of the employment market, for convergence and the harmonization of the companies tax base, for a policy of economic expansion and the best use of European aid funds for the Euro Zone countries.

Merkel and Sarkozy bragged when the meeting of the Union countries leaders ended, that the proposals in their letter had been accepted.

From the official communiqué that was issued at the end of the meeting of 8 and 9 December, the new Fiscal Treaty is going to bind every country that accepts it, that it shall not have a deficit or an unbalance in the budget, or more than a certain percentage of the Gross Domestic Product, and that they introduces thus rule in the country’s Constitution.

Last week in the Portuguese Parliament, the Opposition did not give its support for such an amendment to be made in the Portuguese Constitution.

The Treaty is also to provide that if a country breaches this deficit rule, it shall have to pay a fine, and shall have to agree with the European Commission how n the following year it shall manage the public finances.

In case a Euro Zone country exceeds the deficit the European Commission shall have the power to meddle with the country’s public finances.

It is going to be the European Court of Justice that is going to judge whether the country had observed the Union deficit rules.

The permanent fund for financial assistance to countries in financial difficulties, the European Financial Stability Mechanism, is to be set up in July, 2012, and countries may be asked to increase their capital contributions for the Mechanism, and are going to increase their loan contributions to the International Monetary Fund, for which the Central Bank of Malta’s share is going to be €250 million.

And by March 2012, the president of the European Council Van Rompuy, has to compile a report about how the financial integration of the Euro Zone countries can be quickly established.

Criticism for the fiscal agreement

Although after an agreement was reached at the 8 and 9 December meeting, the EU leaders (apart from the UK) bragged that the agreement was going to solve the euro crisis and save it, many economic and financial analysts have shown that they are not convinced that the agreement reached is going to achieve its aim of leveling the mountain of debt that the EU counties have.

The financial consultant Alfred Mifsud, who has both banking experience as well as managing commercial enterprises, among them Mid-Med Bank and TeleMalta Corporation, called the agreement “another unworkable fudge” (an unworkable agreement).

Alfred Mifsud insists that a fiscal union agreement cannot wok, because the financial and economical situation of the Euro Zone countries are not the same, and a fiscal union can only succeed if all the debt of all the countries could be added together and all the countries will be responsible for them.

But Germany does not want this and neither can it do it according to the country’s Constitution. Alfred Mifsud is of the opinion that the countries that shall have to introduce harsh austerity measures, will end up not to be able to keep that policy dictated to them by the EU.

He insists that there shall not be a solution for the great debt if there is no economic expansion, and with the harsh austerity measures the countries shall not be able to expand their economies to be able to decrease debt.

He clearly states that he is very much in favour of strict fiscal discipline, but if the Fiscal Union is going to restrict ay taxes that the Government of Malta will be able to make and not only how much it can contract debt and with what conditions this debt may be contracted, our country will be committing “political suicide”.

In that case Alfred Mifsud prefers that the Maltese Prime Minister does as had been done by the British Prime Minister Cameron and not bind our country with the new Union Fiscal Treaty.

The agreement between the European Union leaders. Not in our country’s interests

After the 8 and 9 December meeting of the European Union leaders in Brussels, Prime Minister Gonzi came back glorious and triumphant bragging that he agreement that had been reached was very good for our country, because with great pain from his side, he had succeeded in protecting Malta’s interests because in the final communiqué that was issued after the meeting, it was not mentioned that the all the countries taxes on companies were going to be harmonized, and neither were the financial services going to be taxed.

If Gonzi really believes what he said, he does not really know what happened in the Union countries leaders meeting.

But probably he knows well what has happened, and therefore he wants to deceive the people.

Because the Union countries leaders meeting had appointed Van Rompuy, the President of the European Council to prepare a report on the harmonization of companies’ taxes in the fiscal union structure that was agreed.

And the agreement that was reached so much implicates that the financial services will be hit, that the British Prime Minister demand that the UK be excluded from the agreement was not acceded to.

Because of this, Cameron did not accept that a new treaty to be made applicable to the whole European Union, and a treaty be only made between the Euro Zone countries, to which can accede any of the other ten Union countries who have not adopted the euro.

To make sure that the fiscal agreement agreed for the Euro Zone countries, including Malta, is going to hit financial services, Olli Rehn, the European Commissioner for Finances, declared that even though the UK is not going to be bound by the Fiscal Treaty, its financial services shall be hit just the same with the new regulations that are going to be made for financial services.

Not n our country’s interests

It is not in our country’s interests that the tax on companies in Malta be the same as that in other Euro Zone countries, because our country shall lose the incentive that it has to attract the investment from foreign companies that come to be registered in Malta.

Neither is it in our country’s interests that financial services in Malta be taxed if they are not at the same time taxed in the rest of all the world countries.

Because if they are not taxed in other countries, as they will be taxed in Malta, our country loses their market because they will search for other countries that do not tax them.

Our country shall lose many millions that it is getting every year from the presence of foreign financial institutions that are in Malta.

Therefore, the Maltese Parliament did not protect our people’s national interest when it hastily agreed to the agreement that the Prime Minister accepted during the 8 and 9 December meeting in Brussels of the Euro Zone countries leaders.

The Maltese Parliament should have waited for the publication of the Treaty that the European Union is drafting so that the Members of Parliament would be able to closely examine the correct interpretation and all its implications on Malta’s fiscal and financial sectors.

The Fiscal Treaty

The new Fiscal Treaty still as to be ratified by the 17 Euro Zone countries.

Some countries, such as Ireland, are already speaking about the need for a referendum for the Treaty to be approved by the people.

In Malta, the government has the right to pass ratification of the Treaty through Parliament without giving the Maltese people the opportunity to say whether they agree with it.

The Maltese Parliamentary Deputies still have the opportunity to do their duty towards their country and do not vote in favour of ratification of the new Fiscal Treaty, which apart from leading Malta to lose its advantage on foreign companies’ tax and is going to threaten the incentives that our country gives to financial services that contribute a lot to the Maltese economy, is going to also hinder the administration of the country according to the will of the democratic majority of the Maltese people.

It is also going to burden the people with another financial burden of €250 million that the Central Bank of Malta is going to have to loan to the International Monetary Fund.

The Maltese people want Parliament to take steps forthwith to curb immigration in our country

Please sign the popular petition to the Maltese Parliament to take the necessary measure to curb illegal immigration in our country

WE WANT INDEPENDENCE FROM THE EUROPEAN UNION

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