Commentators questioned the wisdom of inflicting further austerity on a nation where more than 1.3 million are out of work, salaries have been cut by an average 25%, and poverty has been imposed on more than a third of the entire population.
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Documents presented to the Fund's board last Friday will reveal that the Washington-based organisation underestimated the damage austerity would cause to the eurozone country, which has required two bailouts in the past three years.
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Over a series of meetings decided that they wanted to keep the factory running, using worker’s democracy and horizontal control.
Syriza leaders says it's 'a challenge that Greece does not face alone.'
Tuesday, February 12, 2013 is the official first day of production under workers control in the factory of Viomichaniki Metalleutiki (Vio.Me) in Thessaloniki, Greece. This means production organized without bosses and hierarchy, and instead planned with directly democratic assemblies of the workers. The workers assemblies have declared an end to unequal division of resources, and will have equal and fair remuneration, decided collectively.
Why, given the failure of austerity economics, haven't we seen a policy shift to stimulation of the economy?...the push for yet greater austerity has less to do with a deep concern by Europe’s elites over debt—it is high but manageable—than as part of a stealth campaign aimed at dismantling rules and regulations that protect worker rights, unions, and the environment. Meanwhile Washington is concerned with the effect of the economic crisis on the viability of NATO.
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