Monday 8th November 2010
The following statement was produced by a conference of the anticapitalist left in Paris on 16 and 17 October 2010:
Capitalist Europe, the Europe ruled by the European Central Bank, the Maastricht and Lisbon treaties, the Europe of “free and fair competition”, the tool of the offensive of the multinational corporations and their states against workers and peoples, is now in crisis.
All the European governments have widely used public subsidies to save financial system and banks after the subprime crisis in 2007 and 2008. These policies have increased budgetary deficits. All the European governments have imposed their will on Greece and now they use the deficit to impose stringency and austerity to ordinary people. The profits of the banks are higher than ever. But it’s up to workers to pay the bill! The reason for the deficits is very well known and obvious: the scale of subsidies given by states ...