President Emmanuel Macron’s efforts to buy off a nationwide protest movement with much needed measures for low-paid workers and retirees is likely to come at a cost — inflating the budget deficit, pushing the national debt over 100 percent of gross domestic product and reneging on EU commitments to fiscal discipline.
EU Budget rules are yet another reason to leave the EU, it is extremely unlikely Labours ambitious spending plans would ever meet the stringent requirements of the EU.
Brussels has insisted it would sanction Italy if its budget doesn’t meet European Union spending rules, focusing on the proposed deficit level of 2.4 percent.
European Union’s obsession with austerity: Greece. EU austerity measures, forced on the Greek people against their democratic will, have decimated the lives of millions in the country. This frenzied commitment to austerity is largely driven by the EU’s demand that all countries must keep their budget deficits at or below 3% of GDP. Even when research asserts that austerity is not the answer, as an International Monetary Fund paper did last year, the EU’s commitment to its austerity agenda remains unshaken. And yet you would struggle to find any allusion to this key contradiction in any of the mainstream discourse around the stance of left-leaning Remainers.
The question that needs to be asked is how can anti-austerity, anti-Conservative voters support an organisation with such an inauspicious track record on austerity? An organisation that will, when the next financial crisis strikes, impose austerity measures on countries at a far higher order of magnitude than we here in the UK have experienced?
But, of course, this question is never asked. In public discourse, left-leaning voters want to remain in the EU because they support free-movement and protection of workers’ rights and the debate ends there. The intricacies and contradictions of this stance are rarely, if ever, addressed, contributing to the disorientation and lack of clarity that has characterised the whole Brexit debate.
Too little too late!
Source: Macron upsets his EU masters with his attempted appeasement of the people | Nye Bevan News
A recent BMJ study showed that government cuts in England have caused extra deaths compared with trends before 2010. But how reliable are studies that link austerity with increased deaths?
There is strong evidence that budget cuts affect health. In Greece, the recent economic crisis led to large cuts in government spending. Spending on health was capped at six per cent of rapidly falling gross domestic product (GDP). A single example of the effect of this policy is on drug users and needles. In 2009, cuts were made in the number of syringes and condoms distributed by the government. In just three years, the number of new HIV infections increased from 15 to 484 a year.
In Eastern Europe, the collapse of communism led to mass privatisations of key industries. This was strongly linked to increased deaths in men of working age. This was partly due to an increase in alcohol consumption, some of which was not produced for human use.
There is also a link between spending cuts and increases in suicide. This was seen in the US during the Great Depression and during the recent Eurozone crisis, particularly in Greece.
We see that there is good evidence linking cuts to deaths, but these studies have limitations. The first is that we don’t see the alternative scenario. What would have happened if the cuts had not been made; we see increases in deaths, but could they have been avoided? A partial solution is to look at countries that avoided austerity.
Source: Austerity is linked to increased deaths – the data is clear
How true, ‘With friends like Brussels, who needs enemies? ‘.
So far as I am concerned if there was not a valid reason for Brexit, there is now, for who in their right mind would wish to be in ‘club’ as the European Union, as it is not a Union, but a dictatorship by the bueurocrats of Brussels in league with Germany, Merkel.
Bring on Article 50.
Here in Athens’s Syntagma Square, just after breakfast time one weekday morning, pensioner Dimitris Christoulas put a handgun to his head and pulled the trigger, writes SUE REID.
Source: We’re told the EU makes us all stronger but Greece may make you change your mind | Daily Mail Online
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Source: “Deliberately Overblown” Brexit Fears Backfire | Zero Hedge