Pact competitiveness or regression? or Revolution involution?
Franco-German plan for the eurozone is not unanimous. "originally proposed by Germany, the pact promotes the application of six measures :
- The abolition of wage indexation on inflation. This is already the case in Germany. But Luxembourg, Belgium, Spain and Slovakia are affected by this change. Meanwhile, Nicolas Sarkozy said that indexing the minimum wage in France would not be concerned.
- Mutual recognition degrees to facilitate the mobility of workers across Europe.
- forecasting a rate minimim tax on corporations. Ireland is in the crosshairs. Dublin has the corporate taxes the lowest in Europe. It was 12.5%.
- adjustment of pension systems on the development of demography
- The obligation for Member States to include in their constitution a "golden rule" on compliance with European fiscal rules
- The establishment of a national crisis management for banks
- _The measures will only affect members of the euro area, but other states may adopt them, "said Nicolas Sarkozy._Interrogée, Sunday 6 February in Politics Issue C (France 5), the loss of sovereignty of member states that adopt the pact, the economy minister, Christine Lagarde conceded: "I agree with you." Before He added: "We need as we advance together in the same direction »..." ?.... Which
- ______________________ Too early or too late? At the worst time ...
other words, if Berlin is ready to strengthen the European financial solidarity, that is to say, to sustain and strengthen the FESF, it is the main guarantee to France is provided that the eurozone is committed to undertaking a series of structural reforms aimed at improving its competitiveness as Germany did to the price of a decade of wage and social sacrifices. "For the Chancellor, the euro area has to harmonize its tax and social norms, but this should not result in a lowering of all in terms of competitiveness," said tone for the Elysee.
Squaring the circle?
These measures will be engraved in stone constitutional.
________ decisions are postponed in March .
" to prevent another crisis that could be fatal to the single currency, Germany and France have persuaded their EU partners Friday convene in March a special summit of the eurozone . Their goal is to improve the convergence of economic, fiscal and social seventeen Member States, to establish a general discipline that applies to everyone. This will reassure the markets and strengthen the competitiveness of Europe facing emerging markets. "
The discussion leads to the details already in doubt.
The pact will survive he already sharp criticism from many countries?
__Un more step towards a Europe ultraliberal, consistent with Greeting rating agencies (" " We have a credibility problem vis-à-vis the markets, as the euro area is not perceived as sufficiently united ", you recognize as president. In other words, it is necessary that the seventeen countries that share the euro become more integrated by establishing an "economic government" and thus to remedy its failure to original design: a single monetary policy, economic policy sovereign, which led to the current catastrophe. "), but that arouses strong reservations especially in smaller countries.
Must listen to the lessons of Germany?
__The Luxembourg, Belgium react strongly: " We will not accept that our model of social dialogue is undone "responded Friday Belgian Prime Minister Yves Leterme, whose country has particular indexing wages on prices like Portugal or Luxembourg." I am not against economic convergence, but we must leave the means of achieving this in the hands of member states "
Spain well ...
In France, the PS reacts negatively sees "a threat to the social model" , as NES denouncing "the thugs of Europe "
__Une Europe, still more austere, still less democratic , kneeling before the dictates of global finance, which has already seen some effects disastrous?
"... The worst appears yet to come with this Europe, which to borrow a bon mot of Emmanuel Todd " uses its own economic power to torture . "That is exactly what that seems to offer the new Franco-German plan. If there are interesting ideas (floor taxation crisis management plan for banks), the bottom plan
Germany wants to end the wage indexation on inflation: in organizing a clear decline in the purchasing power of workers! This Europe has not understood that the endless quest for competitiveness is totally unrealistic given that the minimum wage in Bangladesh is thirty euros. How much will he drive down wages for the old continent is again competitive globally? Should we not seek to prevent such a race to the bottom wage?
Finally, the fact entrench fiscal rules continues the same logic of this anti-democratic Europe that wants absolutely limit the actual choice of citizens or interfere with the discretion of national governments. After the abolition of national monetary policies with the euro, here is the framework for fiscal policies (subject to the Commission and then framed constitutionally) promises to tie up more capacity for State actions.
The only positive in recent months is to show the true face of this Europe, eager to increase its power and control of States, which has a sound anti-social policies in the service of finance and multinational corporations. The masks have fallen: the people to react! " risk of locking the continent in a prolonged economic stagnation and prevent growth . (LP)
Germany is playing against his own interest
Germany, a model to relativize
France must not copy Germany
The economic sovereignty of states soon buried?
Jacques Sapir: Why adjustment policies will fail
Social Europe will unnecessary aggressive therapy
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