24
Apr
2024
Watch
La Hulpe declaration on the future of social Europe (debate)
Mr President, I think there is an irony that we are discussing the future of a social Europe at the very same time that the EU has tightened the reins of budgetary surveillance and fiscal restraint. That won’t be lost on people, because you can make all the declarations you like, but when everybody knows that the deal has been done and that we’re in for another round of savage austerity for Europe, another round of structural reforms, everybody knows that means more poverty, more inequality, more precarity and another massive transfer of wealth upwards. Austerity left the eurozone as an economic shadow of its former self. The US economy has grown to twice the size of the eurozone over the past 15 years. The once mighty European manufacturing sector now limps along behind America and China. And you want to do it all over again? People have nothing left to give. This is a monumental act of self-harm which you’re trying to sell as progress. Believe me when I tell you absolutely nobody is buying it.