Rachel Reeves

Member of Parliament for Leeds West

  • Home /
  • Media /
  • Articles / Cameron is ignoring the crisis on the continent—big mistake

Cameron is ignoring the crisis on the continent—big mistake

Talking to Europe

 

Cameron is ignoring the crisis on the continent—big mistake

 

The slowing European economy is receiving neither fiscal stabilisation nor monetary stimulus. Imposing punitive austerity measures and prolonged recession on countries with large deficits will not help them to address weaknesses in their economies. The real roots of the current crisis are therefore going unaddressed.

The decision, taken last month by the ratings agency Standard & Poor’s (S&P), to downgrade nine of the eurozone’s 17 member states was a humiliation for those nations. It was also a wake-up call—a reminder, if one were needed, that Britain cannot remain a passive spectator in this European crisis. There is an urgent need for Europe to check its pervading political disorganisation and sense of drift. Britain must play its part in this...

To read the full article on Prospect Magazine online click here: http://www.prospectmagazine.co.uk/euro-crisis/talking-to-europe-rachel-reeves-david-cameron/#.Ut-p1vvLfct

The Labour Party will place cookies on your computer to help us make this website better.

Please read this to review the updates about which cookies we use and what information we collect on our site.

To find out more about these cookies, see our privacy notice. Use of this site confirms your acceptance of these cookies.