Will Europe‟s social model survive the current Eurozone crisis? Antonio Lettieri argues that the politics of the new “Frankfurt-Brussels consensus” are based on austerity and “structural reforms”. Reductions in social spending that are going hand in hand with the increased privatization of pension, health and education systems point towards an „Americanized‟ social model for Europe in the future.
A European federation of states is the only form of integration which has the chance to preserve freedom and survive shifting power relations between sovereign nations.
The season oftricksis ove. The time has come to forget Eurobonds and to increase the ESM size, enabling ECB to legitimately raise the scale of its operations.
A financial transactions tax is more than just an issue of fairness. It is also likely to boost economic growth by eliminating waste in the financial sector.
When the European authorities talk of structural reforms, they the American model, in which pension systems, health, education are largely characterized by market’s dominance.
