23
Apr
2024
Watch
Effective coordination of economic policies and multilateral budgetary surveillance - Speeding up and clarifying the implementation of the excessive deficit procedure – amending Regulation - Requirements for budgetary frameworks of the Member States – amending Directive (joint debate – Economic governance)
A Uachtaráin, the EU likes to say that it listens and it learns. Well today shows that it does not listen and it does not learn regarding economic sovereignty and austerity. This deal lays the seeds for future austerity, hollows out national economic sovereignty and empowers unelected Brussels bureaucrats to further interfere in national budgets. Ireland needs a massive investment to build schools, hospitals, houses for people and to aid the transition to a clean economy. So what does the EU propose? Hardening the austerity rules. With this plan, democratically elected governments will traipse to Brussels and ask permission to change budgets if arbitrary targets are not met. There is no exemption for building houses, but there is for building tanks. We were promised rules to aid investment: we got a doubling down on austerity rules and the failed policies of the past. The EU has failed to learn. I stand against austerity policies and say no to these Brussels rules. They should be ripped up before they do real damage to real people.