Tag Archives: Troika

Catastroika: A Must Watch Documentary About Privatisation of State Assets

In exchange for providing Greece with a multibillion bailout package, the European Union demanded the implementation of a massive program of privatisation, which means that Greek state assets like ports and airports are going to be sold. The purpose of this privatisation plan is to reduce Greece’s level of debt, i.e. pay back the Troika (EU, ECB and IMF). The creators of Debtocracy, a documentary addressing the beginnings of the current global economic crisis, the non-viability of the Euro and its contribution to economic situation in Greece, compellingly analyse the dramatic shifting of state assets to private hands in their latest documentary called Catastroika. Catastroika is a crowdfunded documentary that has placed privatisation in developed countries in a historical perspective, and provides a warning against the negative impacts of privatisation of state assets.