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.
Why are those responsible for the EU crisis profiting from it? Why are the same policies that caused the crisis being used to resolve it? An infographic expose of the EU crisis, its causes and its social impacts.
Experience worldwide shows that EC-imposed privatisation on crisis countries will not work. The alternative is not reinforcing the status quo, but using citizen power and labour to reinvigorate public services and democratically transform the state.
TNI and other civil society organisations, in an open letter, have denounced the European Comission's admission that it imposes water privatization conditionalities as part of its 'rescue' package to crisis countries.