A positive twist, if one considers the fact that emphasizing the social perspective of the crisis; treating it as an opportunity for an economic paradigm shift; and tackling the roots of inequality and profiteering which have put us where we stand today, is exactly what sets the Social Democratic philosophy apart. On the other hand, if one considers the extent of the current problems, as one ought to, then, even from a position of ideological dominance, we Socialists have to admit that this is nothing but the start of a belated awareness. The implementation of the measures agreed has to commence this very minute, if the European political class wishes to restore part of its credibility.
The Red Lines
The Red Lines “TA NEA” newspaper, March 12 2009 Reaching a quasi-Social Democratic consensus, albeit leaning to the centre-right majority-wise, the European Parliament approved yesterday three Reports on combating the financial crisis. These reports proclaim clearly the Parliament’s commitments to a coordinated European recovery-plan releasing more funds and prioritizing employment, avoiding protectionism as well as discrimination between “old” and “new” member-states, standing in solidarity with the most vulnerable economies (Central and Eastern Europe) via “Eurobond-type” financial instruments, regulating and hence restricting “tax havens”.
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