TRIOKA WATCH

As the financial, economic, political, and social crises in Europe continue unabated, UNI Europa launches Troika Watch, an online austerity policy watchdog.

Description

In response to the global financial crisis and the ensuing Euro-zone crisis, a task force comprising the European Commission (EC), European Central Bank (ECB), and International Monetary Fund (IMF) was established. This tripartite task force is called the Troika. It has engaged policy discussions with the national authorities in Greece, Ireland, Portugal and Cyprus.

The Troika intervenes in cris…is countries to restore growth, employment, and competitiveness; strengthen the financial system; and safeguard fiscal sustainability. In effect, the Troika makes recommendations that governments in crisis situations cannot refuse.

As the financial, economic, political, and social crises in Europe continue unabated, UNI Europa is launching Troika Watch, an online austerity policy watchdog. Through Troika Watch, UNI Europa aims to offer an assessment of the austerity policies and their ill-effects, and to reveal workers’ individual, real-life stories in the sectors covered by UNI Global.

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