Federalism in the Australian Constitution Essay - Paper Example Federalism in the Australian Constitution Essay Federalism in the Australian Constitution After gaining independence from the British, the Australia inadopted a constitution, whereby, power was to be shared between its member states and the Commonwealth or national government - Federalism in the Australian Constitution Essay introduction. The extant laws and parliaments of the colonial era were continued in the main and only a few of the powers were appropriated by the national government.
There has been a rush on ATMs in Greece in recent days. Aris Messinis Though it became gospel around the globe, euro-enthusiasm was always misguided.
The crisis currently facing Greece shouldn't come as a surprise, writes Matthew Dal Santo. Has a Greek default begun? Or is this just the European Central Bank's way of affording the country's feckless inhabitants a foretaste of what it would be like? It's too early to say.
Either way, it's clear that what has failed here is not the negotiations; it's the euro itself.
Put to the test, its entire foundation has been found wanting. The worst of it is that all this - the acrimony between Brussels, Berlin and Athens; the misery induced across Greece by depression-era levels of unemployment - was not just entirely predictable but actually predicted.
Anyone who subscribes to the London Review of Books will have noticed the reappearance over the weekend of the essay ' Maastricht and all that ' by Wynne Godley - a man who, according to his own biography, started his working life as a 'professional oboe player' and ended it as director of applied economics at Cambridge.
Godley's was not the profile of the usual eurosceptic. On the contrary, he was a strong supporter of European integration.
What he objected to was its form. But if Godley's first big criticism of Maastricht was that it entailed a vision of the nature of the economy that only an investment banker could embrace, his second big criticism was the corollary fudge Maastricht attempted to make about the euro's impact on national sovereignty.
Just because the euro didn't create a federal government to manage what was now to all intents and purposes a federal currency didn't mean that Europe's nation-states remained their own political and economic masters. Typically, the euro-enthusiast tells the public a nauseatingly win-win story.
Nothing is being lost with European integration, just wonderful new things created. For European countries, the EU doesn't mean an undignified surrender of historically hard-won independence, but a giant bring-and-share party where, magically, European integration doesn't entail the loss of national sovereignty but simply the pooling of some of its attributes: If it helps, think of Brussels as home to a giant lazy Susan.
As Godley saw, however, when it comes to currency union, the bring-and-share model is an illusion. Once European governments have put their drachmas and guilders, francs, lire and marks on the common table, they then discover that they've handed over whole branches of economic and political responsibilities too.
Despite supporting what he never ceased to call the "noble cause of European integration", therefore, Godley wasn't to be fooled: It needs to be emphasised from the start that the establishment of a single currency [ And this is precisely what has happened.
Faced with the slump in the global economy produced by the default of US investment banks inGreece could no longer devalue its currency. On the contrary, the euro strengthened as the dollar sank.
That left Athens at the mercy of the European Central Bank in Frankfurt, the sole institution created to manage the single currency. It might agree to cover Greece's mounting debts or it might not.This could achieve enhanced policy outcomes for the Australian community and provide a system of government that “delivers the Australian people the opportunities they deserve” (Brume ).
David Black () describes federalism as ‘the process by which the Commonwealth of Australia was formed on 1 January , was unusual. Though it became gospel around the globe, euro-enthusiasm was always misguided. The crisis currently facing Greece shouldn't come as a surprise, writes Matthew Dal Santo.
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A comprehensive, coeducational Catholic High school Diocese of Wollongong - Albion Park Act Justly, love tenderly and walk humbly with your God Micah The history of Australia is the history of the area and people of the Commonwealth of Australia and its preceding Indigenous and colonial societies.
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