Posts Tagged ‘European Fiscal Compact’

French parliament backs permanent austerity, but it’s hardly a victory for Hollande

by Tom Gill.

Despite mass protests and demands for a referendum on the matter, in the end President Francois Hollande will get his EU budget treaty through parliament. On Tuesday, MPs passed the EU Fiscal Compact, or ‘permanent austerity treaty’ as critics describe it, by 477-70, with 21 abstentions. The Senate, which like the National Assembly, has a Socialist-led majority, […]

Budget treaty an offensive by neoliberals & EU grab for power, French economists warn

by Tom Gill.

A collective of economists have weighed in against the EU Fiscal Compact Treaty, or golden budget rule, which French Socialist President Francois Hollande is laying before parliament next month in order to translate into the country’s laws.

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