Committee for the Abolition of Illegitimate Debt

600 people had gathered in Liege’s new theatre to watch José Manuel Barroso, joined by Didier Reynders, Minister of Foreign and European Affairs, and Jean- Claude Marcourt, Walloon Minister of Economy and the higher Education, as they played out a comedia de la politica, apparently unaware of the suffering as a result of the current economic and social crisis.

At the heart of the symbolic act of civil disobedience was a rejection of the politics of austerity promoted by Barroso and his Commission, most notably as one third of the Troika Troika Troika: IMF, European Commission and European Central Bank, which together impose austerity measures through the conditions tied to loans to countries in difficulty.

IMF : https://www.ecb.europa.eu/home/html/index.en.html (the Commission, IMF IMF
International Monetary Fund Along with the World Bank, the IMF was founded on the day the Bretton Woods Agreements were signed. Its first mission was to support the new system of standard exchange rates.

When the Bretton Wood fixed rates system came to an end in 1971, the main function of the IMF became that of being both policeman and fireman for global capital: it acts as policeman when it enforces its Structural Adjustment Policies and as fireman when it steps in to help out governments in risk of defaulting on debt repayments.

As for the World Bank, a weighted voting system operates: depending on the amount paid as contribution by each member state. 85% of the votes is required to modify the IMF Charter (which means that the USA with 17,68% % of the votes has a de facto veto on any change).

The institution is dominated by five countries: the United States (16,74%), Japan (6,23%), Germany (5,81%), France (4,29%) and the UK (4,29%).
The other 183 member countries are divided into groups led by one country. The most important one (6,57% of the votes) is led by Belgium. The least important group of countries (1,55% of the votes) is led by Gabon and brings together African countries.

http://imf.org and European Central Bank Central Bank The establishment which in a given State is in charge of issuing bank notes and controlling the volume of currency and credit. In France, it is the Banque de France which assumes this role under the auspices of the European Central Bank (see ECB) while in the UK it is the Bank of England.

ECB : http://www.bankofengland.co.uk/Pages/home.aspx ), presenting austerity as the only path open to Europe’s already embattled citizens. Unemployment, increasing privatisation, cuts to public services and lowering of wages are all measures that are hitting ordinary citizens the hardest, while corporate profits soar above pre-crisis levels. The debt crisis is a crisis of the 1%, the banks, the financial world, the rich and large corporations, whose taxes have been drastically reduced over the past 20 years, starving the public finances of an important source of income. Has Barroso forgotten that this is not a crisis caused by the people and should not therefore be paid back by the people?

The two citizens also confronted Barroso on the criminality of Europe’s immigration policies, where recent tragic events in Lampedusa remind us of their callousness, as well as their unpopularity: Barroso was booed upon arrival to the small Mediterranean island. Militarised borders, expulsions, confinement, repression, shipwrecks and deaths are a reality of Europe today, far removed from the image of Europe of solidarity that President Barroso and his fellow players attempted to sell the public.

The eggs thrown at the President symbolised the despair held by farmers and concerned citizens at Europe’s agricultural policies. Belgian egg producers, like many across the continent, sell their eggs for a loss and can no long earn a living from their activities. Competitiveness, free trade, an industrial food retail sector and large agribusiness are socially and environmentally damaging models of development, and the new fiscal compact signed between member states, as well as the newly-launched EU-US free trade agreement, will only make things worse.

In front of the theatre some 200 people had gathered as part of the Liege Platform against the European Treaty of Stability, Coordination and Governance (aka the fiscal compact). The day before, the platform had addressed a letter to President Barroso, published in the Le Soir newspaper, entitled ‘Mr Barroso, your project for society is not welcome !’.

In his role as President of the European Commission, Barroso is the representative of European policies and has an important role to play, as his title suggests. Yet, while a recent Eurobarometer poll shows 95% of Europeans are against the policy of austerity being imposed on the population, those in charge remain deaf to their concerns. To make themselves heard and to defend another Europe, a Europe of the 99%, the two citizens took the slogan from the upcoming European elections to heart: Act, React, Impact.

Next steps against the fiscal compact in Liège: Monday 21 October, 2013, 18h in front of the hotel de Ville de Liège. [1]