Euro crisis: A Straight-Jacket to Impose Austerity on European Peoples

Olli Rehn, European Commissioner for Economic and Monetary Policy, recently held a joint press conference with President José Manuel Durão Barroso on Reinforced economic policy cooperation in Europe where he again flagged their desire to have more input into National budgets: The Lisbon Treaty provides plenty of room for progress through a better and full use of the existing economic policy instruments, and through revised and new secondary legislation, where needed. In particular, article 136 on economic policy coordination enables …

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