Independent member of the Irish Dail (parliament) Thomas Pringle was in Luxembourg, on Oct. 23, 2012, for a hearing on the legal challenge to the European Stability Mechanism (ESM) which he filed at the European Court of Justice. While EU law prohibits bailouts of states, the ESM was clearly created to become a permanent bailout fund, through which states rescue the bankrupt banks. To get around the legal obstacle, the ESM has been declared to be a treaty among individual states, not subject to EU law.

EIR's Claudio Celani interviewed Thomas Pringle during a break in the hearing.

Source: http://eirna.com