austerity
Earlier in April, almost all member states signed the declaration of La Hulpe, together with the EU institutions and the Belgian presidency, as a strong signal of the importance of social policy and the European Pillar of Social Rights. But just days ago, the European Parliament ratified a new set of fiscal rules that the Council agreed upon last December, which signals a troubling return toward austerity measures. If you remember when governments across Europe slashed budgets, cut services, and generally made life harder for everyone, then you know why many are alarmed by this change in polic...
Euronews (English)
MEPs today (23 April) formally approved new fiscal rules for the EU, brushing aside opposition from trade unions and civil society organisations who fear a return to the austerity era of reduced public spending. The revision was approved 359-166 with 61 abstentions, after several years in which strict Brussels budget controls were largely abandoned due to the pandemic. "This reform constitutes a fresh start and a return to fiscal responsibility at the same time,” Markus Ferber (Germany/European People’s Party), one of the MEPs who led work on the new laws, said ahead of the vote, adding that t...
Euronews (English)
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