SP Euro-MP Dennis de Jong has described new proposals from the European Commission as ‘the latest example of European budget fetishism’. They are, he says, ‘aimed lopsidedly at budgetary discipline. With these measures the European Commission is trying to resolve the Eurocrisis with a calculator and no heart.’ In the SP’s view the proposals are technocratic and fail to understand that intelligent policy always demands a consideration of a range of interests. As De Jong says ‘ you don’t need a degree in economics to know that if every member state cuts its spending at the same time, the whole of Europe will have to deal with negative economic growth. What we’re risking here are years of recession.’
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