European Council outlines more hardline measures under ‘competitiveness pact’
Press Release – Party of European Socialists (PES)
Today’s European Council meeting in Bruxelles has dissolved into a fractious squabble among right wing leaders on method. However there are clear indications that on content the path identified is an ‘austerity juggernaut’ of higher retirement ages, ripping up wage agreements, and an absence of funding for vital R&D programmes.