The Great European Fire Sale
A visual overview of privatisation of public services and assets enforced on crisis countries by the European Commission and European Central Bank. And the popular resistance movements to defend public services that have emerged as a result.
Sources
PROFITS AND LOSS
- Bank Profits: Philip Lowe, Reserve Bank of Australia, 2008, http://www.rba.gov.au/speeches/2008/sp-ag-130808.html
- EU state aid to financial institutions: European Union
- Banking 1% wages vs average wages in UK: Brian Bell and John Van Reenen, Bankers and Their Bonuses, London School of Economics, Center for Economic Performance, February 2013
- Corporation profits:http://money.cnn.com
- EU millionnaires wealth: Capgemeni, 2012 World Wealth Report
- Unemployment: Eurostat, November 2012; Youth unemployment: Eurostat
- At risk of poverty: Eurostat
- Country deficit and debt figures from European Institute (May 2012); EU deficit and debt figures from Eurostat
- Profits of banks (HSBC Holdings, BNP Paribas, Banco Santander, Barclays, Deutsche Bank) according to The Banker Database, 2013 Jan 17
- Profits of oil companies (Royal Dutch Shell, BP, Total, Statoil, ENI) according to Forbes website, 2013 January 8
GREAT EU FIRE SALE
Coordinator: Nick Buxton
Research: George Draffan, Joseph Zacune
Design: Ricardo Santos