Over 1.5 million people in Europe have signed a petition to prevent the EU from entering into the very secretive trade alliance with the United States known as TTIP.
At its core, TTIP gives American multi-national corporations immense powers in Europe, placing them above the legal authority of EU governments. The job loss and resource plundering in Europe by US big business should TTIP go through would be catastrophic (for Europe).
It makes no sense for EU leaders to sign off on such an agreement, but then again, EU leaders are not concerned with their citizen’s well-being, or their country’s sovereignty. They are in it for the money, for which the US will reward them handsomely.
Sputnik News Agency reports…
The Self-Organized European Citizens’ Initiative, the group behind the petition, claims the proposed Transatlantic Trade and Investment Partnership (TTIP) is “a threat to democracy, the environment, consumers and labor standards.”
The TTIP is a trade deal between the European Union and the United States intended, in part, to limit the legal consequences of entity actors in their global economic conduct.
According to the campaigners, the TTIP, currently being negotiated without ordinary government oversight, is specifically designed to overtly benefit corporations, not citizens.
The activists urged the European Union not to ratify a similar deal currently in negotiation with Canada.
A recent study conducted by the US Tufts University showed that ratification of the TTIP is likely to lead to the loss of up to 600,000 jobs in the European Union.
France could be among the worst-hit nations, with each French worker losing $5,800 of income potential annually.
The campaigners intend to continue collecting signatures and donations through October 2015, according to the group’s website.