Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-13-Speech-2-093-500"

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". The last European Council was marked by the signing of the so-called ‘fiscal compact’, now renamed the ‘International Treaty on Stability, Coordination and Governance in the Economic and Monetary Union’, despite its being in breach of the European Union’s own rules. The rules provided for in this ‘treaty’ represent the institutionalisation of the same policies that led to the tragic social situation that we are currently experiencing, with a dizzying increase in unemployment, reduced wages – and, therefore, increased exploitation – and the dismantling of the social functions of the state. In truth, these are not new political and ideological guidelines. What we do have before us is the implementation of the old guidelines, which have been behind Europe’s entire process of capitalist integration, with toughened-up content and better means for making them work. Behind the technocratic language and words about ‘budgetary consolidation’ is hidden the reality of condemning thousands of families to poverty and despair. The only result of the path that this Council meeting has set out again is the deepening of the economic crisis in the EU Member States – which is clearly the situation, as established by the European Commission’s own figures, which confirm the economic recession in the euro area – and further deterioration of the social crisis that the unemployment figures published yesterday eloquently illustrate."@en1

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