Residents of the Dutch city of Groningen, where gas is being extracted by the Dutch Petroleum Company (NAM), have lost confidence in the company, and in the regulations intended to protect them. Social movements, civil society organisations and local political parties gathered and discussed the dismantling of the NAM and the need to democratise the energy sector.
This paper focuses on how the global economic crisis unfolded in Europe, where a toxic mix of financial liberalization, highly-leverage banks, a poorly-planned euro and Germany’s years of structural adjustment created a deeply unbalanced and highly indebted European economy, that was brought into sharp focus as Wall Street banks collapsed. The result was the reversal of Europe's economic integration and a state of permanent crisis that continues to this day.
The Bail Out Business is the most comprehensive and thorough analysis of the response to the 2008 financial crisis to understand who benefits from rescue packages in the EU. How effective were the bail out measures? What were the hidden costs to the taxpayer? and what was the role of the Big Four (audit firms) and financial consultancy firms in the business of designing and implementing bail out programs in EU Member States?
The Transnational Institute (TNI) in the Netherlands is issuing an open call for essays/short papers and artistic collaborations for its forthcoming report on the issue of counter-power. Abstract deadline extension: 17 September