Currently many EU countries are using the Euro crisis as a reason for deregulating labour markets. Many of the new regulations increase employee insecurity and some have been introduced with almost no parliamentary involvement.
For a way out of the crisis another path is possible, if we still keep the single currency but if we change regulations and economic policies. And introduce more democracy, also in the economy.
L'ennesimo inno all'austerità e alle mitiche riforme strutturali. La necessità di una «golden rule» per scorporare dai deficit le spese per investimenti in infrastrutture e in tecnoscienza.
The need of the old “golden rule”, according which a country may finance public investment expenditures issuing bonds, while only current account expenditures have to be balanced.
The OMT constituted a simple threat, by the ECB, that if need be the ECB would purchase as much short term Italian and Spanish debt, and offered Ireland a great opportunity to bring an official end to its official fallen state status.
