Treaty to produce ‘shocking austerity’ | The Irish Times

Acceptance of the fiscal treaty will mean “permanent” and “shocking austerity” for Ireland, academic and political activist Kieran Allen said.

Speaking at the launch of his booklet The Fiscal Treaty and the Euro Crisis, Dr Allen, senior lecturer at the UCD school of sociology, said the treaty would “lock down” public spending and ensure the people of Europe are squeezed for years to come in order to pay back bonds to the banks. Continue reading…

Leave a comment

Filed under Democracy, Economism and neoliberalism, Financial crisis

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s