This working paper and infographic provide an overview of a great ‘fire sale’ of public services and national assets across Europe that is providing profits for a few transnational companies but is often fiercely opposed by its citizens.
TNI covers a wide spectrum but Sol’s particular tasks have been to track the devastating impacts of neoliberal policies in Europe and to help coordinate the efforts of social movements to work with the most vulnerable groups.
Privatisations of state-owned assets have become a central plank of EU/Troika agreements with debtor nations such as Greece, Ireland, Italy, Spain and Portugal, but there has been little examination of their track record nor an examination of who really benefits. This report puts a spotlight on the legal and financial corporate giants making millions out of the new wave of privatisations across Europe.
We are punishing the innocent, the people who are supposed to pay through austerity, and we are rewarding the guilty because the banks are continuing to receive huge privileges and subsidies from our governments.
Despite the strong and growing resistance in Greece and other European countries to the direction of EU policy responses to the crisis, the process for this new treaty has unfolded with disquieting speed: initiated in November, an agreement was already reached by end of January among the EU25. This comes at the expense of stifling democratic debate and, indeed, shortcutting the normal consultative procedures in the treaty process through legal manoeuvres.
2011 witnessed the implementation of some of the most comprehensive undemocratic structural changes in the EU since the Lisbon Treaty. Alternative proposals for a progressive exit from the euro crisis are laid out here.
The real news in Greece is not about riots, but of a growing number of people who have broken away from fear and decided to fight back against the austerity imposed by the 'Troika' of the European Commission, the European Central Bank and the IMF.
Sol Trumbo Vila, Attac, Andy Storey, Alexandra Strickner, Steffen Stierle
25 June 2014
The Competitiveness Pact is the final stage of the new EU economic governance architecture. In this primer, we expose the myths and reality surrounding competitiveness – and what it really means for the lives of Europeans.
Hear accounts of witnesses from countries in Southern, Eastern and Western Europe, at a People's Tribunal in Brussels, about increased inequality, unemployment, homelessness, impoverishment and violations of human rights that have resulted from EU and Troika policies.
To which aspects of this crisis should Germans and especially German Christians be most attentive? What would be the right policies to escape from the debt crisis which has been allowed to fester and is now five years old?
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?