The compromise on the next long-term EU budget for 2014 to 2020, achieved last Friday in Brussels, has invariably been hailed as a victory for Europe’s austerity hawks, led by Britain and Germany, over its austerity doves, led by France. This it undoubtedly is. The new budget plan – which is what it remains for now: an executive plan to be put to parliament – has also been praised as a victory for the European Union on the grounds that any agreement was better than a repeat of the negotiation failure last November. This may be true in the short term, but it is much less clear beyond the shallow euphoria of next-day celebrations.… Seguir leyendo »
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