EUROPP – Despite optimistic economic assessments, Greek living standards are still a long way from emerging from the crisis

EUROPP – Despite optimistic economic assessments, Greek living standards are still a long way from emerging from the crisis

Faced by the crisis, an entire social model is being turned topsy-turvy in the interests of financial and economic elites. Instead of taking effective action against the crisis – through public investment, employment programmes, regulation of the finance markets, prevention of the flight of capital and extensive participation of the wealthy in the burdens of the crisis – the situation is being taken as an opportune time to whittle away social security systems, destroy trade unions and employee rights, and sell off public property at low prices.