(30.März 2015) Comrades,
Our seminar laid bare a fundamental idea. The Euro and the Economic and Monetary Union proved to be not a factor of balance, cohesion, economic convergence, social progress, stability, but that of economic domination, created to address the interests of big European transnational capital and the directory of powers led by Germany, an instrument of concertation and inter-imperialist rivalry, creator of asymmetries, injustice, inequality and increasing instability at various levels. (…)

If the results of three years of the pact of aggression are illustrative of the class nature and objectives of these policies, the same applies if we extend the analysis to a wider period. In the case of Portugal we are able to see – looking back to the period from the membership of Portugal to the EEC in 1986 or the EMU in 1999 – this policy and the constant strategy of concentration and centralization of capital, social regression and, with particular impact since the creation of the Euro, the attacks on the social functions of the States, withdrawal of rights, depreciation of the value of work, weakening of the productive apparatus, attacks on democracy and sovereignty.