European Crisis

With Lives, Livelihoods and the Union on the brink, the COVID-19 pandemic is the greatest test of the European project in the history of the Union — and we are failing.

Solidarity was meant to be a foundational principle of the EU. But solidarity is missing at the moment it is most needed.

COVID-19 has revealed a fundamental truth: Europe is only as healthy as its sickest resident, only as prosperous as its most bankrupted.

The Eurogroup met yesterday, Monday 16th March, to hammer out its coordinated fiscal response to the massive recession already in progress following the lockdown of much of Europe’s society. The task they faced is enormous: If sales, tourism, services etc. fall by 50% for just one month (which is certain), and then by 25% for only two more months (i.e. the best-case scenario), then annual growth will be -10%. Across Europe!

On March 14, for the first time, European citizens will be able to take a front seat in the meetings where their future is decided: DiEM25’s #EuroLeaks will take YOU inside the Eurogroup that has no standing in law, but where the most far-reaching decisions about all our lives are made.
WHY AND WHY NOW?

DiEM25 condemns the militarisation of the Greek-Turkish border, the European Union’s violation of every principle of Humanism, the instrumentalisation of refugees both by the Turkish regime and Brussels, the abandonment of Greek islanders to their own devices – the list goes on and on.

DiEM25 calls for an immediate opening of all borders. The Greek-Turkish one and, more importantly, all borders within the EU. It is the only way the humanitarian crisis can be dealt with rationally and humanely, without resorting to military solutions under a cloud of hysteria.   

During 2015’s first half, as Greece’s finance minister, I participated in thirteen crucial Eurogroup meetings – before the SYRIZA government (disrespecting the referendum result of 5th July) capitulated. The result of that capitulation was my immediate resignation and a permanent austerity program (until… 2060). 

ATHENS – During his tenure as President of the European Central Bank, Mario Draghi forged a variety of weapons that he deployed to shield the eurozone from menacing deflationary forces. Without them, the euro would have been history. However, the deflationary specter haunting Europe was never truly defeated and is now back with considerable vengeance.

Christine Lagarde was a key member of the infamous troika – Greece’s official creditors – who crushed our people’s resistance to perpetual debt bondage. The other key figure alongside the International Monetary Fund’s then managing director was Mario Draghi, president of the European Central Bank, who played a central role in that drama by engineering the closure of Greece’s banks.

Small incidents can pack hefty messages. Yesterday afternoon, a tiny drama unfolded at Paris airport, as I was disembarking the airplane that had brought me over from Athens. It speaks volumes about the state of our European Union and the drift toward inane authoritarianism.

A French policeman, for no obvious reason, took it to himself to be hostile and to manhandle me after having checked and returned my passport. As I conclude in my official complaint (lodged by my lawyers) with the French Police,

Amid the bad results for the Left in the European elections, the Greek outcome was particularly poignant. In the last such contest in 2014, Syriza rode the revolt against austerity to become the largest single party, in its final step toward national office. Five years later, in last month’s election, it finished ten points behind the right-wing New Democracy.