EXTRACT: "One thing is for sure: any “fiscal union” from above carried out by the Eurocrats and bankers (even if such a thing is possible, which is extremely doubtful) will require more attacks on the working class; more ‘balancing of the books’, more austerity drives. That has been made more than clear by the likes of Merkel, Schäuble, Rompuy and Draghi. Hence the Greek, French, Irish and Italian parliaments have approved another round of vicious, anti-working class, austerity measures - even if Italy’s welfare minister, Elsa Fornero, had the semi-decency to start crying (with shame?) at a news conference unveiling the latest attacks. Unlike the capitalist robot, Edna Kerry, who in a TV address on December 4 told the working class that the 2012 budget “will be tough” (on workers and the majority) because “it has to be”; therefore VAT will be hiked to 23%, a new household tax imposed, child benefit reduced and social welfare slashed even more.
In or out of the euro, with or without “fiscal union”, the only ‘solution’ on offer is to make the working class pay for the failings of capitalism."