Greece in Crisis

Even though it has not been on the agenda during the past electoral campaign in Germany, the crisis in the countries of the Euro area persists. The national crises of Euro countries are an expression of the ongoing global economic crisis. Whether Ireland, Spain, Portugal or Greece, the dramatic developments in these countries which are hit especially hard are particular and local manifestations of a global phenomenon, embedded in the specific socio-historic contexts of each country.

In Greece, Europe’s country of concern No. 1, things have developed so dramatically that we have to talk about a constitutional crisis – not only economically but in all aspects of Greek social life. Be it a (more…)

17.06.2013 – Greek Bail-Out: 77% went into the Financial Sector

Attac investigation shows: EU crisis management policy saves banks, not the general population

Μετάφραση στα ελληνικά

Since March 2010, the European Union (EU) and the International Monetary Fund (IMF) have applied 23 tranches comprising €206,9 billion to the so-called “Greek bail-out”. They have however provided hardly any documentation on the exact usage of those huge amounts of public funds. ATTAC Austria has therefore put up an investigation on the issue: At least 77% of the bail-out money can directly or indirectly be attributed to the financial sector. (more…)