Why we need a referendum on the Austerity Treaty
Negotiations on a new international treaty involving all the EU states, except for Britain, are now at an advanced stage. Its working title, which has changed with each draft, is the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union. The essential elements of this Treaty are much clearer than its name. It is effectively a Treaty to institutionalise austerity policies and represents a further significant attack on democratic rights. The campaign for a referendum and for a No vote will be vital for those opposed to austerity policies in the coming months.