This Just In

According to a CBC report,

EU lawmakers are threatening to block a multi-billion dollar trade pact between Canada and the European Union — a blueprint for a much bigger EU-U.S. deal — because it would allow firms to sue governments if they breach the treaty.

The agreement with Canada, a draft of which was seen by Reuters, could increase bilateral trade by one fifth to $37 billion (26 billion euros).

But European consumer and environmental groups say a mechanism in the accord would allow multinationals to bully the EU's 28 governments into doing their bidding regardless of environmental, labour and food laws and would set a bad precedent for the planned EU-U.S. trade pact.

Although the neoliberals leading our government don't care about a loss of sovereignty rights, other do:

Tiziana Beghin, an EU lawmaker from Italy's anti-establishment 5-Star Movement who sits on the parliament's influential trade committee, called the EU-Canada deal an "affront to democracy".

"Giving corporations the right to sue governments for loss of anticipated profit would be ridiculous if it were not so dangerous," she told Reuters.

Let's hope that a European revolt leads to a restoration of sanity in trade pacts. Corporate greed has been setting the agenda for far too long.

More on The Harper Betrayal of All of Us

I wrote a recent brief post on the Trans Pacific Partnership that Canada recently signed onto, the price of admission being the surrender of much of our sovereignty over the environment, working conditions, etc.

A new article published in The Nation paints a grim portrayal indeed of the future we face as a nation when this pact is finalized, going well beyond the compromises made in NAFTA.

I urge you to read it, and consider what each of us can do, given the fact that we, our children and our grandchildren will all be the poorer for this absolute betrayal by the Harper government.

H/t to Kev.