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Troika

This tag is associated with 36 posts

Still on air: how 20 Greek TV workers are keeping the flag flying for independent public broadcasting

French journalists Erwan Manac’h and Marie Chambrial find a group of colleagues in Greece weary but in determined spirits and experimenting with a new type of broadcasting, as they continue on air 24/7 despite the forced closure of the ERT state TV a year ago. They were thought to be history when the government axed the signal in … Continue reading

The great private pensions fraud

Fresh from implementing reforms of its pension system Mariano Rajoy’s Spain is now preaching the merits of its pro-market policies to the rest of Europe, backed by the Troika. But state pension cuts and the virtues of private insurance-based schemes are built on myths that serve financial capital, argues Vicenç Navarro There’s been a constant onslaught by banks and … Continue reading

Portugal and the Troika three years on 

By Catarina Oliveira Three years ago the Portuguese Government called in the Troika. “Save wages and pensions,” was the pretext but that did not happen. Today the dramatic social consequences of the entry of the Troika in Portugal are easy to analyse. A look at the figures shows the spiral of impoverishment in which the country is … Continue reading

Inside the Greek laboratory

IN THE RADICAL PRESS / MEMOIRE DES LUTTES A new book publishing the views of Greek scholars and professionals on the impact of Troika policies has helped Bernard Cassen understand better the criminal nature of market fundamentalism pursued by Brussels, Frankfurt and Berlin You have to be very naive to believe that the fury of the “troika” against Greece … Continue reading

Why the May elections to the EU parliament will be a little more European

IN THE RADICAL PRESS / MEMOIRE DES LUTTES  By Bernard Cassen Since 1979, members of the European Parliament have been elected by direct universal suffrage. However, so far , the campaigns preceding the elections had focused little on European issues, if not vaguely or  with mantras such as ” social Europe tomorrow .” In reality, … Continue reading

What success? Portugal’s sovereign debt auction just a good deal for the banks

Portugal’s government bond sale this week – the first since January 2013 – was heralded in the national and international press as a storming success, and coming after a similar ‘success’  for Spain’s first big debt auction of 2014 and a ‘popular’ bond sale by Ireland, apparently indicated a sign of a turnaround in the … Continue reading

‘Ignorant’ Troika slammed for Portugal record as give-away privatisation criticised

As part of the the Troika ‘bail out’ deal of 2011, the Portuguese government agreed to a mass privatisation programme flogging off publicly owned energy, water and waste management, communications, insurance, transportation, ship-building and public broadcasters. Lisbon has reportedy already beaten its bailout target to raise 5.5 billion euros from privatisations by the end of 2013, but if … Continue reading

7 reasons why Greece is going on strike this week

Greek workers will hold a 24-hour strike this week to protest against austerity measures and public sector layoffs demanded by the country’s international lenders, led by the IMF-ECB-EU ‘Troika’. Greece’s public and private sector unions ADEDY and GSEE will launch a 24-hour general strike on Wednesday, November 6th 2013. Here’s seven reasons why they will … Continue reading

Syriza: We’ll reverse the Government-Troika job cuts

The Greek government this week passed measures slashing thousands of public sector jobs. Argiris Panagopoulos, correspondent of Il Manifesto newspaper interviewed Panos Lamprou, a leading member of the opposition Syriza party, on this latest round of Troika-inspired austerity, dubbed a ‘mini-memorandum’. Lamprou, a member of the Secretariat to SYRIZA’s Central Committee, also talks about alternative … Continue reading

Why Greece is slashing public sector jobs

Amid much protest in the streets, the Greek government last night passed a law firing thousands of public sector workers. Twenty five thousand public servants – mainly teachers and municipal police – will be placed in a layoff scheme by the end of 2013. They have eight months to find another position or get laid … Continue reading

Troika destroys 500,000 jobs in Portugal

The austerity measures demanded by the Troika have destroyed half a million jobs in Portugal. This year, Portugal will have fewer people employed than in 1960. And in 2014 the situation is expected to worsen further. According to Diário de Notícias newspaper, reporting on figures published in the Summer 2013 Economic Bulletin of the Bank of Portugal, ‘already this … Continue reading

Who’s the Troika really bailing out?

As the Troika prepares to ok the next tranche of its ‘bailout’ to Greece, here’s a reminder about who’s actually being bailed out. Check out this recent research by Attac

Are we Portuguese living beyond our means?

By Jose Manuel Pureza If there wasn’t the Troika there wouldn’t be money to pay salaries or pensions – this assertion is repeated ad nauseam by the heralds of foreign intervention in Portugal. And this is immediately followed by the argument that this is because we have long been living beyond our means, squandering money … Continue reading

The People United Against the Troika

By Esther Vivas Who is the Troika? A year ago few knew the answer to this question. We knew it by reference, to its stay in Greece, and it wasn’t good. The Troika was synonymous with austerity, adjustment and cuts, hardship, hunger and unemployment. But it was not until the arrival in Spain of the … Continue reading

The great crime scene of Greece

It wasn’t too difficult picking out the Fat Bastard in the crowd of Russian models, craven moochers and media mavens. Besides, he and I were both desperate for coffee and heading for the same empty urn. By Greg Palast Read on in the Morning Star

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Italy’s Healthcare Crisis

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550 days, 29 Workers, Zero Job Losses

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Filthy Rich

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SANTA DRAGHI’S COMING

Private banks receive half-trillion-euro gift from ECB

POPULAR FIGHTBACK

Workers and citizens stand up for themselves

FLORENCE’S BUS LUMACA

Workers are on a go-slow over privatisation

Popular resistance delivers results

Lessons from the victory against Madrid privatisation plan

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International Workers Day 2012

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Workers down tools over PM Monti's attack on labour rights

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EUROPE NEEDS A CITIZENS’ REVOLUTION

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The Troika in Portugal – Three Years On

A success story?

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