great britan

Thursday, 21 October 2010 No2EU on EU-Inspired Cuts Remember No2EU? Since its poor showing in last year's European elections it has limped on as an irregular press release machine. As I'm a bit busy this evening and haven't the time for a proper post, I reproduce this latest broadside against the hand the European Union had in yesterday's Spending Review. While I think the emphasis of this piece is wrong in placing the cuts at the EU's feet (the Tories would always cheerfully carve up welfare and the public sector irrespective of what Brussels thought) it does highlight the anti -democratic neoliberal gam e Europe's governments are playing behind closed doors. Whether you're opposed to the EU, would like to see it undergo root and branch dem ocratic refor m, or worship it as the nearest we're going to get to Hegel's Absolute, socialists and labour movement people across the continent need to keep an eye on the EU's cut -happy machinations. ConDems play Brussels austerity game Governments across the European Union are putting austerity policies in place which include massive cuts to welfare states, driving down wages and pensions, while raising unemployment by cutting investment and public spending. The public sector is to be handed over to the private sector with loss of service quality and accountability and no regard for the social consequences. Tory Chancellor of the Exchequer George Osborne has agreed in Brussels that national budgets m ust be vetted by the European Commission. The budgets mu st be in line with the EU¶s 1996 Growth and Stability Pact where Britain has exceeded the limits on government borrowing of 60 per cent of GDP and deficit of three per cent of GDP - currently and respectively 71.4 per cent and 11 per cent (Office of Nation al Statistics). EU member states are to be fined if their budgets are not brought back into line with the Pact. Italian economics minister Giulio Tremonti emerged from the meeting of EU finance ministers last month to announce that "budge t policies in Eur opean countries cannot be national policies any more". He said that the EU will be slapping economic sanctions and fines on countries which refuse to slash public services in order to cut deficits and maintain ³budgetary discipline´.

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