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Thinking Europe

Public Group active 6 months, 3 weeks ago ago

A group aimed at discussing the problems of European political and economic integration and analyzing the solutions sought or found for major environmental or public welfare issues.

Fiscal Control: Is Brussels Overreaching? (2 posts)

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  • Profile picture of Joseph Robertson Joseph Robertson said 1 year, 7 months ago ago:

    The European Commission is considering new rules that would give it far more control over the domestic fiscal policy of member states, including the possibility of fines to countries in distress that do not adopt austerity measures to reduce spending. Today, across Europe, there are protests organized by labor unions and citizens groups who allege austerity is just a veiled way of making the majority of working people, innocent of the financial system’s collapse, pay for the abuse or misjudgment of top executives and reckless investors.

    Spain is under a general strike, and unions representing workers in over 30 countries have descended on Brussels to argue that austerity measures are hurting Europe’s economic base and slowing recovery. Will individual European nations rebel against the EC’s claim of control over domestic spending policies? Will a more federal style of union gain traction if budget-related tensions are not diffused?

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