Economic governance for people or for the banks?


Wednesday October 12, Brussels
The Transnational Institute, Corporate Europe Observatory and the European Attac Network are hosting a debate on Economic governance for people or for the banks on Wednesday 12 October with Costas Lapavitsas and Marco Buti, director general of economic and financial affairs at the European Commission.
When the financial crisis hit Europe in 2008, governments reacted by bailing out the banks; increasing public debt which in turn contributed to the current sovereign debt crisis. In response, the EU has sought to impose budgetary discipline through the Europact, focusing on cutting government expenses rather than increasing revenues.
Is stronger economic and social policy coordination necessary at EU level?
What effect will these measures have on societies within member states?
Full details
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