you're reading...

EU Treaty ‘unprecedented attack on the European people’s basic political rights’

‘Fiscal Pact’ is regime change to a dictatorship of the markets, says Europe’s radical left leader

Pierre Laurent, President of Party of the European Left

(This statement was issued ahead of the informal summit on 30 January 2011)

The EU heads of state will meet today to refine their project for « an international agreement for Economic Union ». Far from allowing us to come out of the crisis, this agreement means submitting even more strongly to the financial logic that led to the chaos. « The « golden rule » [balanced budget rule] that engraves in stone the criteria of the Growth and Stability Pact, forsees automatic sanctions and obligations on member states to negotiate austerity plans with the EU.

EU heads of state remain wedded to policies that kill growth and cast people into misery and disarray. This Treaty is the assured arrival of the « Troika », the pillage of « common goods » and the destruction of social rights.

Popular sovereignty undermined

The transfer of budgetary powers from national parliaments to the Commission undermines popular sovereignty and it is being done without debate or consultation with the citizens. This is an unprecedented attack on the European people’s basic political rights, a regime change to a dictatorship of the markets.

In order to have a clear idea of the Europe that is in the making, look at what is happening in Greece, which Angela Merkel wants to place under official guardianship; or France where Nicolas Sarkozy has just announced his third austerity plan increasing indirect taxes and breaking collective agreements on working time in order to finance a new give- away for employers.

This takes us down the path of the self-destruction of Europe. The EU cannot be built against the people and with a permament lack of trust in member states. European institutions will never gain the legitimacy they claim by taking authoritarian decisions that are harmful to the people. The idea of union will never survive if one state seeks assume guardianship over another. There will be no union by dividing peoples.

In the name of the Party of the European Left, I reject the international agreement and we will lead a campaign in each country of the EU to stop it being ratified.

PCF website

Translation by Revolting Europe

Interview (In French) with Patrick Le Hyaric, Confederal Group of the European United Left – Nordic Green Left, and MEP for France’s Left Front

Europe’s ‘fiscal pact’ – fact box

On January 30, 25 countries endorsed Europe’s new ‘fiscal pact’.

They agreed to enshrine ‘balanced budget’ legislation into their national law, with annual structural deficits capped at 0.5% of GDP.

Transgressors face penalties of 0.1% of GDP, with fines being added to Europe’s bailout fund, the European Stability Mechanism (ESM).

The UK and the Czech Republic declined to sign.

The new Treaty on Stability, Coordination and Governance (SCG) will come into force once it has been passed by the parliaments of at least 12 countries that use the euro.

The aim is to incorporate it into EU law within five years of its entry into force.

European council statement on fiscal compact

About revoltingeurope

Writer on Europe's Left, trade union and social movements @tomgilltweets or @revoltingeurope


No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

You are commenting using your Twitter account. Log Out / Change )

You are commenting using your Facebook account. Log Out / Change )

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Twitter Updates

  • The Plot to Topple Berlusconi | Revolting Europe ow.ly/xodEa #italy #politics #troika 1 hour ago
  • Why Turkey is no longer interested in Europe | Interview with Nedim Gürsel @ilmanifesto | Revolting Europe ow.ly/xocO7 2 hours ago
  • Colonialism is alive and kicking | Luciana Castellina @ilmanifesto | Revolting Europe wp.me/p1bMfw-25d 3 hours ago
  • Colonialism is alive and kicking wp.me/p1bMfw-25d 3 days ago
  • #Portugal: Communists @ 12.7%, best result for 25 yrs, after campaigning for a referendum on euro exit. #ep2014 bbc.co.uk/news/blogs-eu-… 3 days ago
  • Breakdown of European Left grouping MEPs (analysis by Transform) #ep2014 transform-network.net/focus/the-euro… 3 days ago
  • Left candidate for #EU president and #Greece opposition leader Alexis Tsipras on European election result. #ep2014 alexistsipras.eu/index.php/8-ne… 3 days ago
  • Abstention is the largest party in European Parliament elections @AFP INFOGRAPHIC #EP2014 @AFPgraphics http://t.co/2VlonAx5di 3 days ago
  • RT @ENAREurope: Latest results show an almost 50% increase of far-right in #EP2014 elections, with 77 far-right MEPs coming into EP. http:/… 3 days ago
  • RT @EnetEnglish: #Syriza's Manolis #Glezos, who's 92 in Sept, is certain to be father of incoming @Europarl_EN enetenglish.gr/1879 http… 3 days ago
Follow @tomgilltweets

Enter your email address to follow this blog and receive notifications of new posts by email.


Anti-social Europe in numbers


Key facts and figures on wages across the EU

Wealth Inequality in Europe

Get the key facts and figures


A different take on European issues

Italy’s Healthcare Crisis

Health services are ‘close to collapse’ in Rome, Turin and Naples after years of cuts and privatisation.

550 days, 29 Workers, Zero Job Losses

How a few determined Italian women stopped their factory closing and protected their livelihoods

Filthy Rich

France's Bernard Arnault of the Louis Vuitton Moet Hennessy (LVMH) empire is worth $41 billion. Check out Europe's rich list


Private banks receive half-trillion-euro gift from ECB


Workers and citizens stand up for themselves


Workers are on a go-slow over privatisation

Popular resistance delivers results

Lessons from the victory against Madrid privatisation plan


Hundreds of workers occupied the factory of ArcelorMittal in Florange in the north of France

International Workers Day

International Workers Day 2012

RSS Watching Corporate Europe

  • Biotech lobby's fingerprints over new EU proposal to allow national GMO bans
  • Verdict Tribunal Hearing the EU and the crisis: from austerity to solidarity
  • EU Ombudsman puts Commission's corporate-dominated Expert Groups back under the spotlight with fresh investigation

RSS Fight discrimination in Europe – Amnesty Int’l

  • Listen to Roma Rights


in Italy the home is a very dangerous place to be


Workers down tools over PM Monti's attack on labour rights


Concentration camps and a massive migrant marine cemetery




Read the statement by Lafontaine and Melenchon

The Troika in Portugal – Three Years On

A success story?


The Dossier