The European Crisis will be exacerbated by a privatisation of public services.
With great concern and support for the common project of a united Europe, we do not only follow the Euro-crisis but also the austerity conditionalities imposed by the EU, ECB and IMF on countries such as Greece. In particular, the commissioned privatisation of public goods, amongst them the water services, will not be favourable to the reconciliation of the Greek economy and will at best lead to a short-term decrease of debts. This is contrasted by the sell-off of core elements of public services which, with good reason, both in our constitution and in several EU treaties is given a high status. The federal government has stressed this elevated status of (German) water services in opposition to the European Commission’s strive towards liberalisation and privatisation more than once.