Brussels, 17/12/2010
The European Council of 16-17 December rejected Euro-bonds and approved measures to punish countries in difficulties rather than helping them. ETUC warns that EU risks of plunging into recession for 2011 and that trade unions will continue their campaign against austerity.
John Monks, ETUC General Secretary declared: “The outcome of this Council is more in the spirit of the Treaty of Versailles of 1919 and of economics of 30’s. What was needed is still the spirit of the Marshall Plan for vulnerable countries”.