Aspredicted by the PES the European Council of 8-9 December, dominated by right-wing political power plays, was more bad news for the people of Europe. The so-called “fiscal compact” is an attempt to ‘institutionalise austerity’. It is far from being a comprehensive plan enabling the EU to get out of the crisis. The key concepts that are missing are growth and solidarity.
The Party of European Socialists (PES) is deeply concerned about the actions of Standard & Poor's (S&P) and what is seen as a political intervention in the crisis decision-making of the Eurozone.
The introduction of a deficit-limiting 'golden rule' in the EU countries' constitutions on an obligatory basis, decided at the recent EU summit, is likely to raise questions because in most countries neither the parliament nor the society has been consulted.
Going through the thousands of emails received by the PES activists team in 2011, our first thought is “did we reply to them all?” However our second thought is “wow, activists have been busy this year”.
