Is Social Europe Dead?

By Tony Moriarty, Research Officer, Unite Trade Union

The Eurozone crisis has abated. As Mario Draghi pointed out at his last press conference: CDS rates are lower, stock markets are higher, volatility rates are at recent lows, the deposits in periphery banks are up and bond yields are converging. The Euro is saved – for now.  It will become more secure as the Fiscal Compact Treaty takes hold and as the European Banking regulatory regime starts to function, followed by a full banking union.

New Paper Finds that the IMF is Promoting Socially and Economically Harmful Policies Broadly Across Europe

Pro-Cyclical Policies Hamper Eurozone Recovery and Drag Down Global Economic Growth

Spain’s Government and European Authorities Bent on Dismantling Welfare State

Mark Weisbrot
The Guardian Unlimited, May 30, 2012

NERI Fiscal Treaty Note

This note focuses on the economic questions surrounding the Fiscal Treaty. The structural deficit and debt brake rules are explained, and potential sources of funding are outlined.

Rather than advocating which way citizens should vote, the paper aims to help voters make an informed decision.

Greece, the election result and European austerity

The Greek people choose

Tony Simpson

The clean lines of the Parthenon, high up on the Acropolis, stood out clearly in the early March sunshine. Down below, outside the Greek Parliament, a man pushed his supermarket shopping trolley down the hill towards Syntagma Square, where much of the public drama of Greece’s contemporary tragedy has played out prior to the recent general election. Balanced across the trolley was a discarded metal bath, on its way to be sold for a few euros. So it is that some residents of Athens eke out their existence in 2012.

Recent Articles from the Corporate Europe Observatory

EU in crisis - another Europe is possible (May 8th)

Growing Movement Rejects EU Austerity Treaty (May 7th)

Citizen’s Guide to the Fiscal Treaty and the ESM Treaty.

The Guide contains an introduction to the content of each treaty and explains how the two treaties are interlinked.   

Presentation by Andy Storey to the Oireachtas Committee on the Fiscal/Perpetual Austerity Treaty

Contribution to the Sub-Committee on the Referendum on the Intergovernmental Treaty on Stability, Coordination and Governance in the Economic and Monetary Union, 18th April 2012

10 things you ought to know about the Austerity Treaty

ON 31 JANUARY 2012, the Fine Gael/Labour Government signed up to the Eurozone austerity treaty. Here are 10 things you need to know about the new agreement.

Final draft of the Austerity Treaty



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