Marica Frangakis, Nicos Poulantzas Institute, Athens
07 October 2011
Every story needs a narrative, an explanation of why things happened the way they did. In such a narrative lie the answers of how to avoid/correct similar developments in the future and how to propagate positive ones.
Three years since the outbreak of the global financial crisis, the banks are back making mega-profits while the burden has clearly shifted to citizens and workers. However civil society action at European level could still make a difference in reining in the financial sector.
As Brussels bureaucrats and established political parties struggle to answer the current crisis caused by a faulty economic structure, right-wing nationalist parties have increasingly come to the fore in Europe, with Finland's recent election the last contribution to a worrying trend.
Despite repeated democratic rejection of the Lisbon Treaty, the European Commission pushed ahead with it via the EU Constitution via a private, technocratic and non-democratic process. Susan discussed the treaty and its implications in a workshop at the EA4 summit in Madrid, 15 May 2010.
Europe’s aggressive external market
access agenda, combined with its push internally for market reforms in the
interest of competitiveness, poses new threats to workers in the North and South and will need a transnational trade union response.