There is widespread agreement on left and right that the EU has failed in its response to the Euro-crisis, that is now taking a heavy toll on the economy, democracy and society of Greece, Ireland and Portugal. However the failure of the European Union to respond either effectively or justly to the Euro crisis is not a recent phenomenon. It reflects their failure to learn the lessons of the... Read more

TNI fellow, Myriam van der Stichele in SOMO's EU financial reforms newsletter summarises defeats and partial victories against the all-powerful financial sector and opportunities for action in 2011 and 2012.Transfer of debt burden from private to public sector The austerity agenda that has swept across Europe has been promoted by political leaders who argue that debts have become unsustainable.... Read more