Thursday, January 26, 2012

Unions begin to protest the Fiscal Compact Treaty

EurActiv has a report on a protest in Brussels yesterday which is linked from here.

The significance is that on the one hand the measures are being visibly watered down to provide the same avoidance procedures as was successfully accomplished by France and Germany with the original Growth and Stability Pact, while on the streets, resistance is mounting (particularly in Greece with health sector protests).

The causes of all this misery meeting in Davos are particularly sickening this year. One such,the CEO of Citigroup, Vikram Pandit's words this morning on Bloomberg, to defend what the EU was about and his talk of the work upon and progress of the fiscal compact provided a welcome moment of hysteria inducing relief. A text report of the TV interview is here.

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Anonymous cuffleyburgers said...

Ttaly is also half shut-down by a massive national road transport strike protesting against Monti's government's austerity measures

11:55 AM  

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