The left and European Monetary Union
First published: July 1996
‘The completion of the socialist revolution within national limits is unthinkable. One of the basic reasons for the crisis in bourgeois society is the fact that the productive forces created by it can no longer be reconciled with the framework of the national state. From this follow, on the one hand, imperialist wars, on the other, the utopia of a bourgeois United States of Europe. The socialist revolution begins on the national arena, it unfolds on the international arena, and is completed on the world arena. Thus, the socialist revolution becomes a permanent revolution in a news and broader sense of the word; it attains completion only in the final victory of the new society on our entire planet.’ – Trotsky
The social explosion in France at the end of last year, and the new wave of cuts in public spending planned in Germany, France, Spain, Belgium and other states, show the contradictions in which those on the left who supported the Treaty of Maastricht now find themselves. They endorse the very agreement which is co-ordinating the attacks on the welfare state on a European Union wide level and, in doing so, place themselves on a collision course with every section of the European labour movement acting to defend the welfare state.