 The Intergovernmental Panel on Climate Change states we have 12 years to limit climate catastrophe. 12 years took up most of our emissions. There's fortunately a broad agreement that a green transition would boost our economy. But reluctant governments and our undemocratic establishment in Brussels are favouring big business tax cuts, letting the few hoard the profits, while imposing austerity on the many, creating job insecurity and Europe's lowest investments to savings ratio since World War II. We say there's an alternative, but it can only be realised if we stand together across the continent. It's time to listen to the people's demands and create a new green investment plan in favour of workers and our environment. We propose a green new deal for Europe. Its main objective? To spend 500 billion euros annually to fund the green transition we need and boost the economy of Europe's working and middle classes. And this is how we'll fund it. The European Investment Bank is going to issue bonds. The bonds are bought by investors and the public. The money is used to fund green development projects and the profits are distributed among bondholders. The European Investment Bank issues bonds all the time. It will issue bonds to the tune of 500 billion euros every year for five years, conducting the green transition in energy, transport and agriculture, and secure a massive increase of unionised jobs across the whole continent. This is all possible within the existing EU framework and doesn't need any new law or treaty to be created. In fact, after many weeks of climate strikes in Brussels, the EU Commission President Jean-Claude Juncker promised that in coming years, billions of the EU budget would go to fighting climate change. That's a start, but not nearly enough. We need a truly transformative plan which secures workers' rights and is paid by secure investment and the EU institutions that are supposed to work for us, not by further taxation of the people. That is why we, in collaboration with the progressives across the continent, have created the European Spring, Europe's first transnational party, to run in upcoming EU Parliament elections and implement this programme. The European elections will happen between Thursday 23rd of May and Sunday 26th of May. Go to europeanelections.eu to find out your country's procedures and dates. We're at a crucial moment in European history. At the same time as faith in the EU is waning, we see a rise in misanthropy, xenophobia and toxic nationalism. That is why we have come together, despite our diverse political traditions. Green, radical left, liberal. To work to make the EU a realm of shared prosperity, peace and solidarity for all Europeans and to make sure our continent is taking its part to create the future we want for our world. Read the rest of our programme at europeanspring.net