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 for its forthcoming State of Power report launched in late January 2016 to coincide with the World Economic Forum in Davos. In 2016, we are particularly looking for accessible, engaging essays that interrogate how power relates to democracy.
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.
Since the awakening of the squares in 2011 the political atmosphere in the Spanish state has changed dramatically. “Frustration, despair and fear, instead of being channelled towards the far right, have gone towards the creation of opportunities to meet other people facing similar situations, support each other and resist.”
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.
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.
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.
Spanish collective Xnet that helped arrest the former Managing Director of the IMF came to Amsterdam to share their skills, tools and strategies with social movements, civil society organisations from all over Europe.
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.
As Brussels bureaucrats and established political parties struggle to answer the current crisis caused by a faulty economic structure, right-wing nationalist parties have increasingly come to the fore in Europe, with Finland's recent election the last contribution to a worrying trend.