Greek debt crises: The European Stability Mechanism money started flowing – to creditors, not to Greece

Greek debt crises: The European Stability Mechanism money started flowing – to creditors, not to Greece 8 September by Bodo Ellmers The Greek bailout saga entered a new round as the first tranches of the new loan package were disbursed. The €86 billion programme will be funded by the European Stability Mechanism (ESM). The International…

Transforming crisis to Krisis

Τhe #Festival4sce: A hub of networks towards the Alternative Route in Greece. By Insurgenta Iskra Crisis. Originally, the word derives from the ancient Greek verb “krinein”, meaning to judge in order to take a decision and its noun, “krisis”, meaning judgment, decision. According to Steven James Venette[1] “crisis is a process of transformation where the old…

Journey to Greek social resistance

By Iolanda Fresnillo Citizen Debt Audit Platform Spain (PACD Bcn) [Link Castellano] Desperate people queuing for food or stone and Molotov cocktail wars against asphyxiating gas. These are some of the most common images that come from Greece. But reality is kaleidoscopic and changes depending on where you look. On the streets of Athens and…

The future is emerging

Nick Dearden, Jubilee Debt Campaign UK In the centre of Athens, the depth of the crisis can now be measured by the number of homeless people sitting and sleeping on every block. These are the victims of the financiers and politicians of Europe; the ‘collateral damage’, as they are undoubtedly seen, of the policies of austerity.…

‘Shame is our biggest enemy’

Nick Dearden, Jubilee Debt Campaign UK We woke up to find the Bulgarian Government had fallen, after trying to impose exactly the sort of austerity programmes being witnessed right across Europe. In a country with the lowest wages in Europe, the recent privatisation of energy caused prices to rocket, leaving some families spending the majority…