Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
New phase in austerity. EU = The Robber Baron.

EUOBSERVER / GODOLLO, HUNGARY - European Union finance ministers meeting in Godollo, Hungary on Friday (8 April) have given the green light to launch talks not just with the caretaker government of Portugal but also the "main opposition parties" for a bail-out of around €80 billion.

In return for the financial assistance, the caretaker government and opposition must agree to an "ambitious" three-year programme of liberalisation, privatisation and spending cuts.

They are seriously robbing the public domain to pay private debts. Pure robber barons.

In couple of weeks in Finland are parliament elections and something really strange is happening here. Not only the populist party, but also SDP, left wing coalition and christian democrats (all opposition) are against franco-german bank bailout. Only ruling parties (right wing coalition, center party and greens) are for. Will be very interesting.

by kjr63 on Fri Apr 8th, 2011 at 05:59:28 PM EST
The EU is being destroyed by EPP rule. But the Social Democrats share responsibility by virtue of having adopted third-wayist policies and effectively establishing an economic policy consensus with the EPP. They're the good cop to the EPP's bad cop.

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Sat Apr 9th, 2011 at 06:36:07 PM EST
[ Parent ]
They're the good cop to the EPP's bad cop.

That is an excellent metafora.

by kjr63 on Sun Apr 10th, 2011 at 06:22:52 PM EST
[ Parent ]
It's more that the Social Democrats adopt as pragmatism succumbing to the ideology of the EPP. That's what they've been doing for the last 20-30 years and for good reasons.

"Eurozone leaders have turned a 50bn Greek solvency problem into a 1,000bn existential crisis for the European Union." David Miliband
by Kostis Papadimitriou on Wed Apr 13th, 2011 at 05:49:02 PM EST
[ Parent ]
For understandable reasons.

Good ones? Not so much.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Apr 13th, 2011 at 06:45:38 PM EST
[ Parent ]
"Good", because whether I like it or not, that was what the society/electorate desired at the time. The alternative was to stick to your values and remain "unelectable". The alternative to New Labour was not Labour, it was Thatcher/Major. How this happened, it is another story that deserves renewed discussion in the light of the current events.

"Eurozone leaders have turned a 50bn Greek solvency problem into a 1,000bn existential crisis for the European Union." David Miliband
by Kostis Papadimitriou on Thu Apr 14th, 2011 at 02:18:27 AM EST
[ Parent ]
Electoral expediency does not justify purging the ranks of anybody who remembers how to do responsible policy.

Whether electoral expediency justified Tory Bliar and Gerhard Schröder is a debatable point. But electoral expediency never justified internalising the bullshit they were spewing for public consumption, to the extent that they no longer had any real social democrats in the second echelon to replace the third-way flim-flam artists when they became a liability. The fact that the PES parties that they failed to purge the third-wayers around 2006 (when it was obvious to everybody who was paying attention that we were headed for a serious crash) was a political decision for which they are politically responsible.

They were pandering to a public that had gone temporarily insane, and now they have institutionalised the insanity. They deserve everything that's coming to them, and we can only hope that they don't waste too much of their dying breath on disrupting the ascent of real social democrats like Die Linke.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Apr 14th, 2011 at 05:35:28 AM EST
[ Parent ]
It's more than that. See European Tribune - Comments - Stick the fork in Zapatero: he's done
Los asesores económicos del presidente Zapatero | nuevatribuna.es (22.5.2009)PM Zapatero's economic advisors - NuevaTribuna.es
Extended quotes translated in the ET comment.

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Thu Apr 14th, 2011 at 05:40:53 AM EST
[ Parent ]

Display:

Occasional Series