Against this policy, which leads to a deepening of the crisis, the European Left counter-proposes a set of measures, which lead to a new European policy, aiming at the refoundation of Europe on radically different values. A policy which will protect and improve employment and boost solidarity, social justice and social development. A decisive step towards this direction is the confrontation with speculative markets, and more generally with the domination of financial markets, a radical change of the architecture of the Euro and the whole financial system.

Europe must change course now. In order to do this, there is a historical need to build up a wide front of political and social forces, which will fight for the rupture of our countries and our continent from the perspective of permanent austerity, speculation and social bankruptcy. A front which will fight for the abolishment of the Growth and Stability pact, the renegotiation of public debts (including the annulation of their speculative and/or illegal parts), the purchase of public stocks by the BCE, the redistribution of wealth and the reinforcement of social security systems, of public services and employment.

Brussels, 05.02.2011