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EU Treaty

This tag is associated with 7 posts

Italian union launches referendum campaign against EU permanent austerity pact

Italy’s largest union has launched a referendum campaign against the EU fiscal compact, a draconian budgetary cap which is set to make austerity permanent across the Continent. The CGIL is calling for a repeal of the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union that  was signed on 2 March 2012 by … Continue reading

How the EU’s budget straight jacket was born

In May 1981 in less than an hour Guy Abeille, then senior official of France’s Budget Directorate, invented the EU’s infamous deficit-to-GDP figure of 3 %. And the European austerity fest was born. Guy Abeille is known as “Monsieur 3%” . He’s the inventor of a concept signed up to and repeated ad nauseam by … Continue reading

Why Belgian feminists say No! to Permanent Austerity

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

French parliament backs permanent austerity, but it’s hardly a victory for Hollande

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

France: 120 Economists Say No to the European budget treaty!

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

No to permanent austerity! Reject the fiscal pact!

Today thousands are expected at a national demonstration in Paris against the EU Fiscal Compact AKA Permanent Austerity Treaty. Below is a joint statement signed by campaigners, unions and radical left political parties who will be participating in the protests. ‘The President wants to ratify the” fiscal compact “, as it was signed by Nicolas … Continue reading

Italian senators urged to vote down balanced budget law

Communists demand referendum on EU Fiscal Compact, denounce parliamentarians as ‘thieves of democracy’  A balanced budget law, the fiscal straightjacket being imposed on people across Europe, is set to be given the green light by Italian senators on Wednesday in a move described as ‘financial coup’ by Italy’s communists. Paolo Ferrero, of Communist Refoundation and Federation … Continue reading

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