PRIVATISATION UNDER THE TROIKA - Since the beginning of the Eurozone crisis, countries have to carry out extensive privatisations in return for the Troika's bailout loans. In Portugal and Greece especially, oligarchs, large corporations and investors are making cheap purchases, hoping for huge profits. So begins a gigantic game of Monopoly. But there is one crucial difference to the family board game: the rules of Europoly already state who will win and who will lose. An instruction manual.
The rules of the Troika
This game started in 2010: He who lends money dictates the rules. He who borrows money must adhere to the rules. Before the euro crisis, it was developing countries in particular which had to learn this from international investors, but with the euro crisis Europe too is now affected. In Portugal and Greece especially, everything the state has to offer is being auctioned off under great time pressure: waterworks, banks, beaches, airports, electricity grids, ports, palaces – even mineral springs. The first chapter highlights gamers, rules and the financing.