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Europe Global Environment & Development The New South From G8 to G20 The Development Agenda UN Reform Global Finance Doha Final The Euro-zone in Crisis Eastern Europe


EuroMemo: European integration at the crossroads

Economists outline policy alternatives to crisis

In the run-up to the European Council this week the EuroMemorandum Group, the European Economists for an Alternative Economic Policy in Europe, will publish its new memorandum pointing to the need of fundamental changes in the European Union. Any solution of the actual crisis, it says, has to be guided by deepening democracy, solidarity and social justice. WDEV presents a summary of the document which has been endorsed by hundreds of economists from all over Europe.

 

The euro area crisis threatens the future of European integration, but instead of challenging the power of the financial institutions which are driving the crisis, the European authorities have imposed austerity programmes on Greece and other peripheral euro area countries, and developed centralised policies for imposing highly restrictive fiscal discipline on all member states which risk undermining the democratic legitimacy of the European Union (EU) ...


Find in this article:

Stocktaking of the present situation
A critique of EU policy
Alternatives
Addressing fundamental problems


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