Many economists have been protesting for months against the austerity policies imposed throughout Europe and further strengthened in the European fiscal Treaty. For example, Nobel Price Paul Krugman, recently stated it would be the "Europe's Economic Suicide".

Europe has made a sensational arrival in the debate of the French presidential campaign. Socialist Party candidate François Hollande said  he would seek to renegotiate the European fiscal pact agreed to by Merkel and Sarkozy. On his side, French President Nicolas Sarkozy sent an ultimatum on Schengen Agreements, completed with a “Buy European Act” on the American example.

Responding to passing of the Greek bailout plan this morning, UKIP Leader Nigel Farage said: "Greeks, beware of EU lenders bearing debts. They will strangle your economy and destroy your democracy. This so-called bailout will not help the Greek people one iota,only German and French banks.The Greeks don't need draconian death by a thousand cuts; they need the drachma back so they can reboot their economy. Cheap credit from inappropriate Euro membership was a disaster for the Greek economy. Eurozone membership is now also a disaster for their democracy.

Is the Treaty enforcing budget rules in the Economic and Monetary Union compatible with our Constitutions? Will the European integration survive the Euro? How to restore Democracy in Europe after tomorrow ? These are the three main questions that the two distinguished guests of the EFD Group answered at the conference-debate organized on the initiative of its Vice-Chair Morten Messerschmidt in the European Parliament.

The seventeen eurozone states, plus several other EU states but no Britain, agreed to a new deal aimed at saving Europe's common currency. New EU treaties require unanimous ratification by member states (most states holding parliamentary votes and some like Ireland requiring referendums). However, the new deal was termed as an "intergovernmental accord", suggesting it does not fall under the democratic rules for treaties concluded between sovereign States. Our MEP Marta Andreasen, of the UK Independence Party, explains why UK has now been relegated to the “second division” in Europe, and that, according to her, it is now time to “withdraw” completely.