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Press Statement 20.10.10

ConDems play cards dealt by Brussels

Herd of elephants in the room

Governments across the European Union are putting austerity policies in place which include: massive cuts to welfare states, pressing down wages and pensions, and raising unemployment. The public sector is to be handed to privatisation with loss of accountability and no regard whatsoever for the social consequences.

   The ConDem Government has agreed that national budgets and therefore austerity policies be vetted by the European Commission. The budget must be in line with the EU’s Growth and Stability Pact where Britain has exceeded the limits on government borrowing of 60% of GDP and deficit of 3% of GDP - currently and respectively 71.4% and 11% (Office of National Statistics). EU Member States are to be fined if their budgets are not brought back into line with the Pact.

   The herd of elephants in the room consists of the policies and legislation of the EU enshrined in the European Constitution put in place last December.  This includes the four freedoms – “free movement of capital, services, goods and labour” within the EU super-state and all that entails.

   The simple alternative is to withdraw Britain from the EU and not be subject to the dictats of unelected EU institutions which act on behalf of the transnational corporations and banks against the interests of those who work for their living. The benefits would be economic, political and defence of democracy and accountability.