In a quiet vote last Tuesday, EU lawmakers brought in new rules for public spending… which could have a profound effect on millions in Europe.
The supposed goal of this overhaul was to make the rules clearer and more investment-friendly, with supporters calling them a necessary step towards economic stability.
But critics say the change will force big budget cuts in many EU member states, meaning less money for vital social services and climate action. And, they fear, it will lead Europe back to the dark days of austerity in the 2010s… that decimated living standards for a generation.
DiEM25 is running in the European Elections this June, with a very different idea of how EU economic policy should look.
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