European leaders draft a “competitiveness” treaty meant to lower wages and cut pensions

No, I’m not kidding. It includes: a debt brake which will stop countries from deficit spending beyond a target; automatic monitoring which can force pension cuts; a requirement to monitor wages and productivity and to then lower wages if they rise “too quickly” Every one of these are anti-worker.  The last is a modern version … Continue reading European leaders draft a “competitiveness” treaty meant to lower wages and cut pensions