Press Statement: Paul Murphy MEP (Socialist Party) 28 September 2011
· Barroso's speech to markets at European Parliament underlines diminishing of democracy
· Significant new attack on democracy passed in Parliament today with economic governance package
"Commission President Barroso's speech to the European Parliament today was in reality aimed at the financial markets. That in itself is a demonstration of how the markets now rule in Europe, with elected politicians, or unelected politicians in Mr Barroso's case, simply trying to please them. His empty promise that Greece will remain a member of the eurozone is doomed to be another failed attempt to calm the markets who have by now realised that the European political establishment is incapable of dealing with this crisis.
"The fundamental plan laid out by Mr. Barroso is an institutionalisation of austerity across Europe. That is what he means when he refers to the 'illusion to think that we could have a common currency and a single market with national approaches to economic and budgetary policy.' That European shock therapy is precisely what is enabled by the so-called six pack of proposals on economic governance that were passed today by the Parliament.
"The European Commission has now been appointed as an effective "policeman for austerity" across Europe. States that dare to break with neo-liberal orthodoxy or who are deemed to have acted 'imprudently' will face fines of hundreds of millions of euro. They will then enter the ranks of miscreant countries - and lose their votes at Council meetings for vital votes relating to 'sanctions' on miscreant states.
"The limited democracy that exists within the European Union is being trampled upon in order to impose austerity."
ENDS
For more info or comment:
Paul Murphy +353861688050
Finghín Kelly +353863550529
[PMPress]
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