The mobilisation has been called to strengthen opposition to the destructive austerity policies being pushed by the “Troika” (European Commission, European Central Bank and IMF), and build momentum for “a social compact for Europe with a proper social dialogue, an economic policy that fosters quality jobs, and economic solidarity among the countries of Europe.”
Austerity measures are dragging Europe into economic stagnation and recession. Growth has stopped and unemployment is rising inexorably. Cuts to salaries and social protection are attacking the European social model, worsening imbalances and fostering injustice.
Youth unemployment is one of the most damaging consequences of the Troika’s obsession with the discredited economics of austerity. More than half of young people in Greece and Spain are without work, more than a third in Italy and Portugal, and 27% in Cyprus.
This is simply intolerable, and even worse, the architects of austerity have no idea and no plan of how to rebuild economic growth – they are simply focused on keeping financial markets happy without regard to the social and economic costs
Words are no longer enough, we need action to deliver sustainable growth and quality jobs.