By Francesco Piobbichi Business as usual. European Central Bank Mario Draghi was the real election victor and his victory will allow him to run the country for another six months, on autopilot . The autopilot Draghi was talking about is nothing other than the set of rules laid down by the treaties (Fiscal Compact) recently … Continue reading
Belgian feminists have called on MPs to reject ratification of new budgetary rules that will ‘aggravate inequalities between the sexes’. Belgium is due to decide on whether to sign up to the Treaty on Stability, Coordination and Governance (TSCG), or EU fiscal compact, that came into force on 1 January this year in 12 out of … Continue reading
Despite mass protests and demands for a referendum on the matter, in the end President Francois Hollande will get his EU budget treaty through parliament. On Tuesday, MPs passed the EU Fiscal Compact, or ‘permanent austerity treaty’ as critics describe it, by 477-70, with 21 abstentions. The Senate, which like the National Assembly, has a Socialist-led … Continue reading
Next week, France’s National Assembly, the lower house of parliament, will vote to ratify the European treaty on Stability, Coordination and Governance , otherwise known by critics as the Permanent Austerity Treaty. Below in a statement published in Le Monde this week, 120 economists say why they reject it. Since 2008, the European Union (EU) has … Continue reading
A collective of economists have weighed in against the EU Fiscal Compact Treaty, or golden budget rule, which French Socialist President Francois Hollande is laying before parliament next month in order to translate into the country’s laws. The collective ‘Economistes Atterrés’ warns that the the Treaty represents a twin ‘offensive’ by ‘neo-liberals’ against Keynesian economic … Continue reading
French feminists have joined a growing campaign against a new EU treaty arguing that women would be in the frontline of a scary new world of ‘permanent austerity’ . The Fiscal Compact, set to be tabled for a vote in the National Assembly in October, would threaten women’s rights and ‘exacerbate gender inequalities’ as cuts … Continue reading
How French Socialist President Hollande is wading into choppy waters over Europe. Left Foot Forward
72% of French people want a referendum on the Fiscal Compact treaty, according to a poll. The CSA poll, conducted for l’Humanité newspaper, comes as the radical Left Front renewed demands for the decision to be made by all the French people using this method of popular vote. President François Hollande plans to adopt the new treaty, … Continue reading
French radical left leader Jean-Luc Melenchon has called for a mutiny by Socialist Party ministers disenchanted with the policies of President Francois Hollande. Melenchon, a former Socialist minister who left the party and stood against Hollande as a candidate of the radical Left Front in the presidential elections this year, said ministers who opposed Hollande’s … Continue reading
The Italian lower house voted on Thursday to back the European Union’s fiscal compact, giving the final parliamentary green light to the agreement reached by EU leaders in March to implement what critics describe as permanent austerity. A separate vote on the European Stability Mechanism, the euro zone’s new bailout mechanism, was also due later … Continue reading
The radical Left Front is to launch a campaign for a referendum in France against the Fiscal Compact, known by critics as the Permanent Austerity Treaty. Agreed on 2 March 2012 by 25 EU countries, minus Britain and the Czech Republic, the EU Fiscal Compact – a German invention officially known as Treaty on Stability, Coordination … Continue reading
The latest ‘crunch’ EU Summit on 28-29 June has landed citizens with a huge bill to bail out the banks yet again, argue Italy’s communists. But it will not end speculation against the Euro nor the blackmail of financial markets, forcing governments to continue pursuing failed austerity policies. Paolo Ferrero, leader of Italy’s Communist Refoundation … Continue reading
The parliamentary leader of the Portuguese Communist Party (PCP), Bernardino Soares, said Tuesday that the OECD’s downgrade of Portugal’s economic growth prospects showed the need for ‘debt renegotiation’ . Soares was reacting to the OECD’s forecast that economic activity would decline next year rather than post a small gain, as it forecast in November. Portugal’s economy is likely … Continue reading
IN THE RADICAL PRESS / IL MANIFESTO By Joseph Halevi Let’s try to overcome the hypnotic effect that the French left usually exercises over its Italian counterpart and figure out if a Hollande’s programme has feasible. The main points of the programme of the Socialist president-elect are to achieve a balanced budget in 2017 after reducing the … Continue reading
‘No debt’ campaigners will stage a ‘sit in’ on Wed. April 11 at the Italian Senate as politicians are set to vote on the EU-inspired ‘balanced budget’ law that will force a constitutional commitment on governments to corner shop economics. The law will transpose into national law the EU Fiscal Compact agreed by Heads of … Continue reading