It is clear that voices all across Europe and beyond, and from all across the political spectrum, are opposed to this treaty. Many are urging the Irish people to reject it and, if given the chance, would be campaigning for its rejection by referendum in their own countries.
European political leaders and the institutions of the European Union have reacted to the Euro crisis by creating conditional debt packages, in cooperation with the IMF (International Monetary Fund). Such “aid packages” typically prescribe severe austerity measures, similar to the structural adjustment programmes applied to many troubled developing countries, especially since the 1980s. The results have rarely been a success. 2
During the second phase of the crisis in Europe, the attention has almost exclusively been focused on the Southern euro zone countries. However, Eastern Europe is affected as well though in an uneven way.
We are punishing the innocent, the people who are supposed to pay through austerity, and we are rewarding the guilty because the banks are continuing to receive huge privileges and subsidies from our governments.