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The problem with DCB and lot of the (german?) greens is that they like to conflate ecological sustainability with economic "sustainability", that is austerity.

Funny you should say that. About 5 months ago I almost wrote a diary called A Tale of Two Greens, because on the occasion of Barroso's proposal of a financial transaction tax there were blog posts by Sven Giegold and Pascal Canfin, the leading German and French MEPs on charge of the economics and finance portfolio for the European Greens group in the European Parliament.

Basically, Giegold had to put in the obligatory

We Greens are for binding limits on public debt and for a sharper Stability and Growth Pact.
whereas Canfin said
The stability pact is essentially an austerity pact, because its recessionary effects are not offset by any other European policy in the context of a "package".
The diary we're discussing here shows that Cohn-Bendit is more at home with the German than the French Greens when it comes to economics. It doesn't make him or Giegold bad people.

tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker
by Migeru (migeru at eurotrib dot com) on Sun Feb 26th, 2012 at 05:15:20 AM EST
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The funny thing is that Giegold did lead for years the german attac. Was even the founding spokesman.
by IM on Sun Feb 26th, 2012 at 05:28:37 AM EST
[ Parent ]
ATTAC are single-issue Tobin Tax advocates. There's very little in common among them other than that. One of the common things is the mistake of thinking that the Tobin Tax is supposed to be a revenue source.

tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker
by Migeru (migeru at eurotrib dot com) on Sun Feb 26th, 2012 at 05:30:13 AM EST
[ Parent ]
As far I understand they do a lot more nowadays, never mind the original name. At least in Germany. It is a broad and diffuse movement, though.
by IM on Sun Feb 26th, 2012 at 05:37:05 AM EST
[ Parent ]

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