On\n4th April, the European Parliament approved by 338 votes in favour, 143 against\nand 139 abstentions the promotion of the Pan-European Personal Pension Product PEEP.<\/p>\n\n\n\n
This\nspecific “product”, as the Commission itself admits, is part of the\nCapital Markets Union and aims to create pan-European insurance plans. That is,\nthe flow from the savings of Europe to the various private investment funds and\ninsurance companies.<\/p>\n\n\n\n
According\nto studies carried out, it is estimated that by 2030 the various companies\n(private insurance – funds – banks) could absorb 2.1 trillion euros. Today the\namount they are managing amounts to \u20ac 700 billion.<\/p>\n\n\n\n
In\nspite of the effort made in the European Parliament’s report to paint a rosy\npicture of PEER and where it is noted that this should not call into question\nthe responsibility of states to guarantee a dignified standard of living for\nthe elderly, in essence this decision paves the way for the privatization of\npensions. This decision once again confirms the policies of the EU; policies\nthat abolish collective agreements and dismantle labour relations, privatize\nsocial goods, abolish social benefits and dismantle the welfare state –\ncomplete deregulation in favor of the unbridled freedom of the market.<\/p>\n\n\n\n
The\nLisbon Treaty, the Pact for the Euro, Economic Governance and others have established\nan anti-worker framework that in fact intensifies the exploitation of the\nworking class and serves the interests of monopolies and big capital. While\nmillions of people across Europe live in poverty and are homeless, the EU\nspends billions of dollars in the military industry, is intensifying its\nmilitarization and deepening the link with NATO.<\/p>\n\n\n\n
The\norganization of class struggles is the answer to the tough anti-popular\npolicies being promoted by the EU.<\/p>\n\n\n\n
The\nEuropean Regional Office of the WFTU, in cooperation with the International\nPensioner\u2019s Union of WFTU will step up working people\u2019s class struggle to counter\nthe EU’s vicious anti-people\u2019s policies and to open up another course against\ncapitalist barbarity.<\/p>\n","protected":false},"excerpt":{"rendered":"
On 4th April, the European Parliament approved by 338 votes in favour, 143 against and 139 abstentions the promotion of the Pan-European Personal Pension Product PEEP. This specific “product”, as the Commission itself admits, is part of the Capital Markets Union and aims to create pan-European insurance plans. That is, the flow from the savings […]<\/p>\n","protected":false},"author":2,"featured_media":242,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-1055","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-latest_events_across_europe"},"_links":{"self":[{"href":"https:\/\/eurof-wftu.eu\/index.php?rest_route=\/wp\/v2\/posts\/1055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eurof-wftu.eu\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eurof-wftu.eu\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eurof-wftu.eu\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/eurof-wftu.eu\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1055"}],"version-history":[{"count":1,"href":"https:\/\/eurof-wftu.eu\/index.php?rest_route=\/wp\/v2\/posts\/1055\/revisions"}],"predecessor-version":[{"id":1639,"href":"https:\/\/eurof-wftu.eu\/index.php?rest_route=\/wp\/v2\/posts\/1055\/revisions\/1639"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eurof-wftu.eu\/index.php?rest_route=\/wp\/v2\/media\/242"}],"wp:attachment":[{"href":"https:\/\/eurof-wftu.eu\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eurof-wftu.eu\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eurof-wftu.eu\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}