The EU and capitalism have no solution
Facing the pandemic and the economic crisis, business profits privilege life.
The predictions of the European Central Bank (ECB) for this year, are from an unprecedented recession, with a collapse in GDP from 5% and the 12% for the eurozone and the 9,4% for Spain, whose debt will increase 115,6%, with an unemployment rate that will escalate to 18,9% . Amidst the disaster, the dispute over the "Aid" from the EU. He 23 of April, the European Council agreed to create a recovery fund for the countries most affected by the crisis. Although it was announced with "Drums and cymbals", the approach only possible by postponing the definition of the main differences: the amount to commit, its financing and the form of access.
Regarding the amount, positions are disparate. President of the European Commission (THIS), Úrsula by del Leyen, I had mentioned, As minimum, a trillion euros, but his credibility is down. Senior officials from different countries openly argue that behind the promises there are exaggerated multipliers on private sector investments and that the design of the fund being prepared is composed mainly of loans and not of non-refundable investments.. How will it be conveyed? Some countries, mainly from northern Europe, require that the borrowed money be accompanied by "Reforms and improvement of competitiveness in southern Europe". That is to say, adjustments with strict return conditions. Southern countries, mainly Spain, They seek perpetual fund aid, paying only interest on debts.
… it is not surprising that many analysts refer to the imperialist bloc as the DE, “(Of)European Union" and instead of eurozone, "Eurocaos".
A concrete proposal from the EC was expected for the 6 of May, Nevertheless, there were more divergences. He German Constitutional Court has questioned a judgment of the Court of Justice of the European Union (TWENTY), issued in 2018, upon finding legality problems in the Bundesbank's participation in the debt purchase program of the European Central Bank (ECB) and has given the institution that Christine Lagarde presides over (former IMF president during the Greek crisis) within three months to justify their action.
Why is so much importance attached to the opinion? Why questions the future of the ECB's debt purchase program Y "On it depends the viability of the Treasury to continue issuing at a very low interest cost the debt with which the State covers the contributions of the ERTE, indemnifies the self-employed, finances extraordinary health expenses to deal with the virus and, shortly, will pay the future minimum insertion income. All expenses incurred, unforeseen, which can only be financed with deficits, that is, spending above what is entered. ”
Let the crisis be paid by the bankers, the bosses and the wealthy.
At this point it is not strange that many analysts refer to the imperialist bloc as the DE, “(Of)European Union" and instead of eurozone, "Eurocaos". The EU crisis is complete: health, economic, social, humanitarian, political and institutional. And it comes from drag, of the terrible responses to the bankruptcy of Greece, the crack of the 2008, immigration, the self-determination of Catalonia, Brexit and the pandemic has joined. Mistakes project a more blurred and murky picture of the EU than ever. What is defined about the “Aid packages”, no expectations can be deposited in the EU, ni en la troika BCE, THIS, IMF. A sudden manifestation of "Spirit of solidarity", not even a utopian "Humanization" capitalism. The economic authorities of the EU have warned that they are oriented to grant funds in a balance between transfers and credits, which will be centrally to save business profits. The social palliatives that are incorporated will aim to ensure that the confined popular unrest does not become an explosion of mobilizations, general strikes and strikes.
Who will pay for the health crisis, and social crisis triggered by the Covid-19 pandemic? They should not be the workers and the peoples, as they did with the crisis of 2008. We must not accept calls from the government of "Progressive coalition" PSOE-United We Can, of employers and union bureaucrats of the majority centrals to carry out ”Pacts of national unity”, to "Collaboration between employers and workers", nor meekly agree to work more for less wages and in worse working conditions. The recovery of democratic protest rights is an immediate necessity. Let the crisis be paid by the bankers, the bosses and the wealthy. It can be achieved with transitional measures such as those we propose from the International Socialist League, on the way to a bottom exit: socialism with democracy, solidary, without privileges and in which the social and democratic needs of the great majority are met.
