EUROPP – The EU’s deal on Greece shows that Europe remains wedded to the politics of austerity

EUROPP – The EU’s deal on Greece shows that Europe remains wedded to the politics of austerity

The fiscal straightjacket laid down by the ‘Troika’ of the European Commission, the European Central Bank (ECB), and the International Monetary Fund (IMF) in return for sovereign bailouts in the Eurozone has repeatedly pitted the ‘will of the people’ against the ‘austerity consensus’ shared among key players in Brussels, Frankfurt, Berlin, and Washington DC in the last five years.