Romania will join the Union and to celebrate it, it has decided to lower the business profit taxes. As its neighbors reduce their profit taxes, Germany has decided to do the same thing and it will lower taxes from 38.3% to 32%. In 15 years, the average rate profit tax has been reduced a third in Europe. In 2005, this represents a 17 000 million (the equivalent sum of the Social Security deficit) loss for France. The profits have never been that important and the tax rates have never been that reduced. How are researches, education, pensions, and health going to be financed if this tendency continues? We have only seen this kind of race between neighboring states in the federate states of the United States in the 20s and that had an impact in the 1929 crisis. Since then, and to avoid such a situation, the federal State deducts 60% of the tax rates.
The European Constitution forbids us, and it is a pity, from fixing a European tax and prevents all kind of harmonization actions. The competition of all against all has become a rule. In his last book, Jean-Paul Fitoussi condemns the Constitution that would turn Europe into the only group of the planet in which the traditional macroeconomic tools do not exist or are forbidden. In a moment in which many economists think we are going to have a serious crisis for sure, Europe deprives itself of means to react in case of external clashes. The American debt might mean the end of the global growth. Therefore, it is necessary to verify that all regulation tools are available and well coordinated, call a new Bretton Woods, fix an European tax or economic taxes to finance research (especially on energy issues) and the action plan to divide in two our energy consumption from now up to year 2010. To establish a growth purpose to the European Central Bank would also be needed (as the Federal Reserve). Besides, the establishment of a new social contract to guarantee a fairer and more favorable division of the added value of the consumption and growth will be necessary.
Instead, citizens are being lied when they are told Part III of the text is only a repetition of the existing texts. And this is the problem for these texts were written 20 years ago or even before. History would be, undoubtedly, severe with those who wrote this treaty. The liberalism of some and the intellectual laziness of others lead us to failure. Europe is still our future but this text must be renegotiated. That demands a French No. Damages caused by liberalism have been so serious that people are not thinking properly. Instead of enshrining the rules of the game in the constitution a new negotiation with those who want it must be urgently begun.

Le Monde (France)

«[Renégocier le traité, sinon l’Europe va dans le mur», by Jean-Maurice Dehousse, Oskar Lafontaine, Pierre Larrouturou y Cesare Salvi, Le Monde, May 13, 2005.