Next step for the Europact - new rules on economic governance support businesses' desire to drive down wages http://www.corporateeurope.org/system/files/files/article/Next_step_for_Europact_final.pdf

The Europact – and indeed the business community – claim to respect the autonomy of collective bargaining, but closer inspection reveals that this is only superficial. Corporate Europe Observatory has looked at the details and fears that an attack on wages is in the making at the negotiations on new rules on “economic governance”. Progress is expected at the ECOFIN Council meeting in Budapest this week.