Debt

In 2012, the urgency seems to have once again reduced the political possibilities for investment into a green conversion of the economy. Therefore, if the Greens want to reinforce their social base for an “ecological re-industrialisation”, they must re-evaluate their definition of what is socially just and share this vision with as many people as possible, starting with social movements, both new and old. This could be their best way for surviving austerity.

Four years into the economic crisis, the global economy continues to verge on catastrophic failure. Debt-fueled capitalism, and its resulting inequalities, appear at fault, but what is the solution?

The ad-hoc solutions put forward by European leaders have failed to pull the continent from its economic crisis. As uncertainty continues, it is clear that only a decisive shift to a strong, democratic EU can save the Euro and guarantee the Union’s future. However this process must take place in a way that is open and transparent if it is to succeed.

Contrary to what some neoliberals may claim, successive Portugese Governments have followed sound fiscal policy in order to bring their country into line with Eurozone requirements. However, the austerity being imposed on Portugal by the EU runs the risk of undoing decades of progress, and isolating Portugal from the European economy.

A German MP and a Greek MEP discuss with the GEJ how Green cooperation could provide the key to Greece’s future within the EU.