On the EU constitution
A very late one last night has me in a grumpy mood, and I'm taking it out in letter writing to the Times again.Councillor Deirdre de Burca (Letters Dec 7) claims that the new EU Constitution 'turns neo-liberalism' and 'a monetarist economic policy' into constitutional principles. In fact, Article I-3 of the constitution states that the EU will work for: 'the sustainable development of Europe based on balanced economic growth and price stability, a highly competitive social market economy, aiming at full employment and social progress, and a high level of protection and improvement of the quality of the environment.' As regards monetary policy, perhaps Cllr de Burca would prefer that we return to the inflation of the seventies and the currency crises of the early nineties?
Mind you, Andy Storey, a very credible voice on development issues argues the alternative view well here: http://www.feasta.org/documents/democracy/storey.htm

