Another Summit, Another Bleak Day for European democracy
EU leaders gathered in Brussels on Monday for more ritual banging of the euro-austerity drum, with 25 of the 27 member states agreeing to the Germany-inspired ‘fiscal compact’ treaty – to be signed in March (only the Czechs joining David Cameron in sitting on the sidelines). With the new treaty commitment to outlaw expansionary – Keynesian – economic policies, it was another bleak day for European democracy. Some had hoped that the summit’s focus on growth and unemployment, especially youth unemployment, meant the Europe’s top politicians were finally recognising Europe’s deepest problems – and might even take action. But it was a bleak day too for the unemployed with a tired rehash of free market policies in the summit statement …