Critical Perspectives and Alternative Solutions to the Eurozone Crisis
2011 witnessed the implementation of some of the most comprehensive undemocratic structural changes in the EU since the Lisbon Treaty. Alternative proposals for a progressive exit from the euro crisis are laid out here.
New rules on economic governance have been passed effectively giving the Commission increased powers to meddle in the economic and fiscal affairs of member states. Labor market policies are being altered in favor of more flexibility and lower wages, and austerity measures are being institutionalized through mandatory limits in public spending. Such dramatic changes have been advanced swiftly and quietly, under the pretext of restoring stability in the eurozone.
As the race to save the euro continues, critical economists have spoken up as to why the policy responses of the European institutions despite being far reaching in terms of the framework of EU decision making are merely cosmetic in terms of solutions to the euro crisis. Alternative proposals for a progressive exit from the euro crisis are laid out here.
- The EU shock doctrine; Introduction to a future of austerity and attacks on social rights. By Kenneth Haar
- A Coup D’Etat in the European Union? By Susan George
- The EU’s new economic governance proposals: Rearranging the deckchairs while sinking the ship. By Andy Storey
- Radical action to resolve the Eurozone crisis. By Costas Lapavitsas
- Five policy proposals for a progressive exit to the Eurozone crisis. By Dominique Plihon