European political leaders and the institutions of the European Union have reacted to the Euro crisis by creating conditional debt packages, in cooperation with the IMF (International Monetary Fund). Such “aid packages” typically prescribe severe austerity measures, similar to the structural adjustment programmes applied to many troubled developing countries, especially since the 1980s. The results have rarely been a success. 2
Marica Frangakis, Nicos Poulantzas Institute, Athens
07 October 2011
Every story needs a narrative, an explanation of why things happened the way they did. In such a narrative lie the answers of how to avoid/correct similar developments in the future and how to propagate positive ones.
After a brief period of destabilisation, self-justification and the occasional mea culpa, the very people and institutions that plunged the world into crisis have re-emerged unscathed, as the fount of truth and all reasonable policy.
Despite repeated democratic rejection of the Lisbon Treaty, the European Commission pushed ahead with it via the EU Constitution via a private, technocratic and non-democratic process. Susan discussed the treaty and its implications in a workshop at the EA4 summit in Madrid, 15 May 2010.
"The banks are ours!" Public money was used to bail out the banks, and now they are lending back to the public at interest, while governments ignore the social and environmental crises that confront society. It is time to demand real solutions that will work not only for the sake of the economy but for the lives and conditions of people on whom it depends.
Susan George appeared on the major French radio network France Inter to debate the financial crisis and regulation. Her most recent book "Their Crises, Our Solutions" has been published in French ("Leurs Crises, Nos Solutions"); the English version is due to be published in September.
This year's Madrid summit marks a key milestone in the ongoing development of the Enlazando Alternativas network for both highlighting EU complicity with human rights and environmental abuses and highlighting the real alternatives offered by social movements of integration and development that respect the rights of people, communities, and protect the environment.
Call to all the social networks and organisations, trades unions, political forces and civil society movements to join the Peoples' Alternative Summit in defense of peoples' sovereignty, human rights, participatory democracy, labour rights, the rights of women and indigenous peoples, social justice, the defense of the environment in the face of climate change, and the establishment of peace.