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FDP rebels force party member vote on euro rescue plans

The Local · 5 Oct 2011, 08:23

Published: 05 Oct 2011 08:23 GMT+02:00

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Organisers of a signature-collecting exercise said on Tuesday they had more than the 3,250 necessary to force such a party-wide vote, which would exert enormous pressure on MPs to conform to the result.

The development adds to the sense of a party in crisis as it is an explicit move against the leadership.

Party spokesman Wulf Oehme said the signatures would be checked, while the leadership has so far expressed scepticism about the idea of forcing a vote, which would only be the third in the party’s history.

FDP leader and Economy Minister Philipp Rösler, who only took over the party this year and has seen polls slump to disastrous levels, has said he would raise an opposing referendum should his challengers achieve their goals.

The initiators of the signature collection include MP Frank Schäffler, Michael Böwingloh, from the Gütersloh party, and former interior minister for North Rhine-Westphalia Burkhard Hirsch.

They have written five questions on which party members would vote, including, “Unlimited rescue measures, in which Germany is responsible for the debts of other European countries, do not come into question for the FDP.”

They want FDP MPs to refuse to vote for the European Stability Mechanism (ESM) in parliament. This would be equipped with a basis capital of €700 billion and a number of supranational powers to bolster and partially steer faltering European economies.

A Bundestag vote on whether to take part in the ESM which should be established over the coming two years, is due next spring, which would give the FDP time to hold a party referendum, according to Die Welt

The previous party referenda were in 1995 when members voted in favour of increasing the government’s surveillance powers and in 1997 when they voted for keeping compulsory military service, although the latter did not attract enough votes to be valid.

Story continues below…

This would be the first time in the party’s history that such a referendum of party members was forced upon the leadership.

DAPD/The Local/hc

The Local (news@thelocal.de)

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Your comments about this article

21:58 October 5, 2011 by deutschamer
Bailouts are really bailouts of big banks and hedge funds.

The so called financial elites say if they are not bailed out there will be a catastrophic economic collapse. This is nothing but extortion.

Let Greece default. Let the banks fail. Smaller less intertwined banks will take their place. Small banks will make out at the expense of the mega banks. If there is a bailout, the mega banks will make out at the expense of the tax payers.

Even if what they say is true, its better to let the big banks fail now. A bailout will result in even bigger banks. This setup will eventually bring down economies. Big banks are not good. They are the reason why a minor shock in the economy causes an economy to crash. The big banks are too leveraged and intertwined. The reason they are that way is because they know they will be bailed out if needed, so they can take on huge risks with huge profits and not worry about the down side.
09:01 October 6, 2011 by Englishted
A none party ,good bye and good riddance.
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