Brussels, 27/06/2012
Three years of austerity and competitive deregulation have resulted in economic stagnation, rocketing unemployment, rising inequalities and social despair. Europe is caught in an austerity/depression cycle and this explosive cocktail is leading Europe to a point of no return. To save the single currency, to save the project of European integration, the Council will have to take a major leap forward.
For the ETUC, this major leap forward must be based on a Social Compact: To save Europe, we urgently need to save the people.