RIGHT TO WATER. CASE STUDIES ON AUSTERITY AND PRIVATIZATION IN EUROPE
is the title of a report (March 2012) on the impact of austerity
measures on the human right to water that has been produced
collectively by groups in Greece, Spain, Portugal, Italy and Bulgaria
in collaboration with the Blue Planet Project.
This paper is one of
a series of reports commissioned by the Blue Planet Project which
examine the state of the human right to water and sanitation around
Introduction of the report "
The key element in austerity packages that fuels the new privatisation drive is the obsession with cutting debts. If public services are sold, goes the argument, this money can be used to repay government debt while the private sector continues delivering the service. This has always been a central argument for privatisations, but the reality is different. Services get worse, jobs are lost, and private monopolies enjoy inflated profits for decades, while the amount of money paid by the private buyers is invariably far below expectations. It is not good economics."