EU Economic Governance – For People or for the Banks?

15 November 2011
Article

Did fiscal irresponsibility cause the EU crisis? Are European institutions democratically accountable? Is the European Commission politically neutral? Check out TNI's debates with a representative of the European Commission.

 

On 12 October 2011, the Transnational Institute, Corporate Europe Observatory and the European Attac Network hosted a public debate with a representative of the European Commission (Mr. Roy Dickinson, Directorate General for Economic and Financial Affairs) on the future of economic governance within the EU.

The panelists (Andy Storey, University College Dublin, Ireland; Kenneth Haar, Corporate Europe Observatory, Brussels; Costas Lapavitsas, School of Oriental and African Studies/Research for Money and Finance, London; Dominique Plihon, Scientific Council of Attac France/Paris Nord University, France) engaged and challenged key components of the European Commission’s Economic Governance ‘six-pack’ legislative plans and warned of the ramifications on euro member states’ sovereignty and of the impacts of implementing an austerity agenda under this framework.

Decisions revealed by the EC on 27 October follow this policy trajectory, buttressing far reaching undemocratic changes in the functioning of the EU and the centralization of economic governance powers to Brussels. This includes conferring an additional mandate on the EU monetary affairs commissioner Olli Rehn to oversee fiscal coordination.

The video debate is now available online:

The highlights of the debate

Did fiscal irresponsibility cause the EU crisis?
Are European institutions democratically accountable?
Is the European Commission politically neutral?
Are there alternative solutions to the crisis?
Part 1: Introduction and panel debate on the EU´s economic governance proposals.
Part 2: Questions from the audience.
Part 3: The alternatives.