.
Home page > 1. IV Online magazine > IV461 - June 2013 > United against the Troika
Save this article in PDF Print article Printable version

Eurozone crisis

United against the Troika

Wednesday 5 June 2013, by Esther Vivas

On the 1st of June demonstrations against the Troika are taking place around Europe on the call originally of the movement in Portugal “Lixe a Troika” (usually translated as “Screw the Troika”) under the slogan "People United against the Troika" and movements in the Spanish state against the imposition of the hrsh austerity programmes by which the Troika pretends to solve the problem of the Eurozone crisis.

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 much denied rescue, in June 2012, that the “men in black” and “Troika” became a household name.  Today, a year later, people, sick and tired, are coming out into the streets to say loud and clear: “Troika, go home”.

History repeats itself. And just as in many countries of the South in the 1990s and 2000s saw mass demonstrations against the International Monetary Fund and the World Bank,  whom the people accused of reducing them to misery, now people, here, speak out against the Troika.: the International Monetary Fund, the European Commission and the European Central Bank. The bank is different. But the logic is more of the same.

Centre-periphery relations at a global level are now repeated in the European Union. And the countries of the periphery of the Continent, we have become the new colonies, markets or sources of financial capital. Where once, in the South, structural adjustment plans were applied, in order, it was said, to make debt more sustainable, as if the misery and poverty to which they could be subjected was sustainable. Now they speak to us of “aid” and “bailouts “… and they reduce us all to misery.

Debt remains the yoke imposed on the poor. A mechanism of control and subjugation of peoples. An infallible instrument to transfer resources, or to be more precise, of plunder, from South to North, either global or at a European scale. And an argument for reducing the rights of the majority and generate more profits to capital, cutting and privatizing public services covertly. The debt imposed on us, which, incidentally, is not ours, is the perfect excuse to implement what is a long plan. Thus, the scam is called the crisis, the theft is the debt.

We have quickly learned the meaning of the Troika, but also that of other concepts such as anger, rebellion and disobedience. And today we rise in more than 100 cities across Europe as the “peoples united against Troika”. Because we can.

[http://esthervivas.com/english/unit...]