Brussels, 23/10/2013
The current multi-faceted crisis exploded five years ago essentially in the financial sector; it triggered an economic and then a sovereign debt crisis.
To combat this crisis EU leaders have adopted and implemented policies through brutal austerity measures and internal devaluation.
This exacerbated the crisis, destroyed functioning economic structures, reduced consumption, increased inequalities and poverty, attacked wage levels, dramatically raised unemployment, jeopardised social cohesion and the support to the EU project.