Wednesday, May 25, 2011

Eight key proposals for another Europe,

With a wave of popular protest washing across Europe, the time has finally come to ask that good old aspirational question once again: what is to be done?

By Eric Toussaint
May 25, 2011

In the context of the financial crisis which is jolting European Union states in much the same way that it crippled Southern countries for several decades, the Committee for the Abolition of Third World Debt (CADTM) has presented eight alternative proposals. Some of the ideas stem from a particular view of society, while others are based on CADTM’s experience in Third World countries. All, without exception, deserve to be examined.

The crisis has shaken the European Union to its very foundations. Public debt is suffocating several countries that have been badly hit by the financial markets. With the governments currently in office, and the European Commission (EC), European Central Bank (ECB), and IMF all aiding and abetting, the financial institutions responsible for the crisis are making lots of money while speculating on government debt. Meanwhile, business owners are taking advantage of the situation to launch an offensive against the social and economic rights of the majority.

Read more HERE.

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