UN General Assembly strengthens sovereignty and human rights - global States bankruptcy method is off the table – NWO for many years thrown back ! @UnserPoltikBlo
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Our Policy Blog | 03.11.2015
Volker Reusing, and Prof. Dr. Franz Hörmann (Vienna University of Economics)
On 10.09.2015 has happened a small miracle. The UN General Assembly with the affirmative vote of 136 States principles adopted for the sovereign management of State bankrupt. In Basic Principle no 1 of the Resolution explicitly confirms that each state has the right to decide about his own state of bankruptcy – the Resolution recommends that a state should be disabled, bankrupt of any abusive measures that the rights of creditors should be safeguarded from the beginning, and the state should bankruptcy be the last resort.
Basic Principle no. 9 recommends that the States, collective action clauses (additional conditions for case of bankruptcy) in your state loans, for the case of bankruptcy, the creditors (private and public) all meetings majority decisions, and no public or private creditor of a bankrupt state can escape the outcome of the procedure. This is, together with No. 1; the creditor should make the debtor state, so no political conditions. The Resolution of 10.09.2015 wants a meeting of private and public creditors, which negotiates with the debtor government, and only the Failure of a negotiated solution to the debtor state to decide unilaterally the state of bankruptcy.
Basic Principle no 6 confirmed that state immunity from Jurisdiction and execution with respect to sovereign debt restructuring is a law (of the respective debtor country) to the courts of other States, and that exceptions should be interpreted restrictively.
Of particular importance is the Basic Principle no. 8 of the Resolution is, what the debt sustainability should be measured, so according to what criteria is to be determined, how far debt will be reduced. Inclusive and sustainable economic growth and sustainable development, as well as the stability of the international financial system has also wanted the Resolution dated 09.09.2014. Add to that the respect for human rights, the minimization of economic and social costs, and the preservation of the creditor's rights from the beginning have come here....
Almost exactly a year earlier, on 09.09.2014, had been decided by the UN General Assembly in Bolivia, which at the time had the presidency of the G 77 countries, introduced a Resolution that was until the next session of the UN General Assembly, i.e. until September 2015, an international Treaty for a global States insolvency proceedings. No more talk on 10.09.2015. On 09/09/2014 no longer wanted to have such a global mechanism nor the IMF and the world Bank, which is now the case. The press release of UNCTAD from the 11.09.2015 to the Resolution of 10.09.2015 suggests that the majority of States no longer wants to involve in the UN General Assembly in the event of a state bankruptcy and the IMF....
We (Sarah Luzia Hassel-Reusing and Volker Reusing) had us turned together with the Austrian economist Prof. Dr. Franz Hörmann (Vienna University of Economics) with an opinion together on 09.12.2014, among others, the G-77, as well as several UN human rights special Rapporteur on 02.01.2015, inter alia, to UNCTAD. In paragraph 6 of its Resolution dated 05.12.2014 for the implementation of its Resolution dated 09.09.2014, the UN General Assembly had expressly instructed the science to contribute to the Committee (in the case of UNCTAD) for the development of an international state insolvency proceedings....
In addition, we have shown that the States allow bankruptcy mechanism, the ESM for the Eurozone States, the meeting of the private creditors, the insolvent state policy requirements, and that aims to privatize the public services and the public institutions of the state, what in EU law with the Lisbon Treaty (article 14 tfeu, for services of General interest, article 2 of Protocol 26 for the public institutions) has been installed, but due to the Lisbon judgment of 30.06.2009 only once. You want to enforce for the countries in the Eurozone with the States insolvency procedure of the ESM. And about the TTIP free trade agreement for all of the EU member States (see art. 19 of the TTIP negotiating mandate the EU Commission). The example of the claim of J. P. Morgan Bank in its paper "the Euro area adjustment – about half way there" from 28.05.2013 to the abolition of the national constitutions of the countries of the Euro-zone fundamental rights of workers and of fundamental rights, which allow protests, we have shown that even conditions for the deletion of fundamental rights, in a state threatening bankruptcy proceedings as the ESM.
Bilderberg exposed in Dresden 3. EU plan to privatise police, civil service & armies: Volker Reusing camera iphone 8 plus apk | |
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