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A new international treaty is currently being negotiated by the leaders of the EU. This treaty, currently called the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union, is a treaty to effectively institutionalise austerity across the European Union.
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Plutocrats wield power and influence by virtue of their wealth. The ultra-free-market, globalised capitalism of recent years has produced a new breed of super-rich plutocrats. Wealth gives them influence, which gives them power, which enhances their wealth. socialistparty.net reviews a recent study of the super-rich elite.
