Are European treaties truly austerity-driven?
#European_Governance #Austerity
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Finance Watch - https://www.finance-watch.org/leblog/
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0:00 - Intro
2:34 - The 3% Rule and 60%.
4:48 - Why 60%?
6:32 - What is governance?
7:27 - European objectives that neglect climate?
8:54 - Episode structure
9:54 - The 3% rule: a French invention
14:45 - Maastricht
15:21 - Stability and Growth Pact
18:43 - 2005 reform
20:45 - Austerity reform after the euro crisis.
29:13 - The importance of politics
36:21 - The 2023 reform proposal
40:58 - A critique of this proposal
47:23 - Um? Recap
Sources and errata:
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On European governance in general: https://theothereconomy.com/fr/fiches...
History of European governance reforms: https://www.finance-watch.org/wp-cont...
The major European ideological objectives: https://european-union.europa.eu/prin...
The 4 main economic objectives: https://eur-lex.europa.eu/legal-conte...
The 4 secondary economic objectives: https://eur-lex.europa.eu/eli/dec/202...
History of the 3%: https://www.amazon.fr/Ces-hommes-qui-...
Graph on public vs. private investment in Europe: https://greentervention.org/2020/01/0...
Episode's central question:
****************************************************** We often hear that the EU is a neoliberal political construct. Which is absolutely true. We also hear that because the founding treaties incorporate neoliberal ideals, it's impossible to change Europe. That, however, is false. Why? Because the treaties remain very general; they require interpretation. This video explains how the EU has changed the interpretation of the budgetary rules it established in 1992 with the Maastricht Treaty. The main interpretative tool is called the Stability and Growth Pact, and it has been amended numerous times: in 1997, 2005, 2011, and 2013... And it is about to be amended again in 2023.
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Closing music: 80s Retrowave / Synthwave Music - Hackers by Karl Casey // Royalty Free Copyright Safe Music - • 80s Retrowave / Synthwave Music - Hackers ...