Breaking with fear in Greece

“The streets of Athens erupted with some of the worst rioting and political violence seen in the country in years.” “Rioting Greeks torched buildings and looted dozens of shops as they battled police in central Athens to protest harsh austerity measures.” These were some of the headlines of the global corporate media about last Sunday’s demonstrations in Greece, often accompanied by photos of burned down buildings.

CEO supports today's strike in Belgium

The strike organised by Belgian trade unions today is a very important statement against the austerity policies that are currently introduced in Belgium and across Europe, causing social injustice and deepening the economic crisis. The unions very clearly emphasise the problematic role of the EU which, as the ABVV-FGTB union states, "forces the member states into a blind austerity policy". The strike happens on the day where EU leaders meet for a two-day summit in Brussels to agree on a new EU treaty that will take further sweeping steps in imposing rigid budget discipline and austerity policies across the continent. Strikes like the one today and other forms of citizens' protests are exactly what is needed to save European welfare states and prevent the crisis from spiralling out of control.

What are bankers doing inside EU summits?

Crucial decisions “to save the Euro” and “to save Greece” were made at the Euro Summits in July and October 2011. While the decision making process was taking place, the press reported several informal negotiations between EU leaders and the banks, mostly represented by the Institute of International Finance (IIF). What was exactly the role of this lobby group in the final decisions? And what did it get from the deal?

Austerity forever

The EU’s response to the economic crisis is setting member states on course towards a model of permanent austerity, including widespread attacks on social rights. To prevent any resistance, the model being put forward by the EU aims at minimising or even totally getting rid of democratic interference. This is clear from an overview of the legislative initiatives which have been adopted since the eurocrisis began, or which are expected to be adopted imminently.

Corporate EUtopia - how new economic governance measures challenge democracy

Using the pretext of the “euro crisis”, the European Commission and the Council have put forward proposals to give the EU new powers to deal with core welfare issues, including social benefits and wages, under a new technocratic procedure. There is an urgent need for a democratic debate throughout the EU, in particular on alternatives to the austere neoliberal model of ‘economic governance’ that is now being pushed by the Commission and the Council. And it will require a broad-based social struggle to make the alternatives a reality.

EU's Silent Revolution in Economic Governance Undermines Democratic Control

Brussels, 19 January 2011 -- EU member state parliaments look set to lose important powers to control economic and social policy as a result of the EU’s response to the economic crisis according to a new article from Corporate Europe Observatory which analyses the proposals, likely to come into force in 2011, and warns that they will lead to a reduction in democratic accountability and public influence.