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.
We asked Kenneth Haar the following questions:
What are the economic and political implications of the new fiscal treaty?
And once signed, will the treaty have to go through a referendum? (1.55 min into the video)