The EU's new austerity treaty - Interview with Andy Storey

29 February 2012

Despite the strong and growing resistance in Greece and other European countries to the direction of EU policy responses to the crisis, the process for this new treaty has unfolded with disquieting speed: initiated in November, an agreement was already reached by end of January among the EU25. This comes at the expense of stifling democratic debate and, indeed, shortcutting the normal consultative procedures in the treaty process through legal manoeuvres.

Andey Storey is a lecturer in political economy at University College Dublin and chairperson of the NGO Action from Ireland (Afri,