Spain approves austerity plan

Spain announced the austerity package earlier this month. It includes wage cuts of 5% or more for civil servants and slashes public investment plans.

B92
Spain follows on the footsteps of Greece($30billion),Italy ($30billion),Portugal($15billion) austerity packages.
With an official uemployment rate of 22% these austerity measures will only exacerbate
the situation.

What we now see in the wider EU is the collapsing of the middle classes,the dissapearence of skilled jobs
and the destruction of welfare rights and social services.

The EU bureacrats must have realised by now that neither the quasi-federal system nor the single currency are working.The didn't need a massive recession to see that this50 years old utopia was unable to fulfil its promises.

Unless the EU re-invents itself on a more radical footing it will end up as a dead political project.The new re-invention must be based on a genuine equality amongst nations(neither German or French hegemony) and democracy within the people of Europe.
One could argue that the main reason for the EUs present problems is the absence of the democratic process which was dictated by the neoliberal model of economic development.

"Unless the EU re-invents itself on a more radical footing it will end up as a dead political project.The new re-invention must be based on a genuine equality amongst nations(neither German or French hegemony) and democracy within the people of Europe.
One could argue that the main reason for the EUs present problems is the absence of the democratic process which was dictated by the neoliberal model of economic development."
Leonidas

I think everybody agrees with you on this.

Spain announced the austerity package earlier this month. It includes wage cuts of 5% or more for civil servants and slashes public investment plans.

B92
Spain follows on the footsteps of Greece($30billion),Italy ($30billion),Portugal($15billion) austerity packages.
With an official uemployment rate of 22% these austerity measures will only exacerbate
the situation.

What we now see in the wider EU is the collapsing of the middle classes,the dissapearence of skilled jobs
and the destruction of welfare rights and social services.

The EU bureacrats must have realised by now that neither the quasi-federal system nor the single currency are working.The didn't need a massive recession to see that this50 years old utopia was unable to fulfil its promises.

Unless the EU re-invents itself on a more radical footing it will end up as a dead political project.The new re-invention must be based on a genuine equality amongst nations(neither German or French hegemony) and democracy within the people of Europe.
One could argue that the main reason for the EUs present problems is the absence of the democratic process which was dictated by the neoliberal model of economic development.

"Unless the EU re-invents itself on a more radical footing it will end up as a dead political project.The new re-invention must be based on a genuine equality amongst nations(neither German or French hegemony) and democracy within the people of Europe.
One could argue that the main reason for the EUs present problems is the absence of the democratic process which was dictated by the neoliberal model of economic development."
Leonidas

I think everybody agrees with you on this.