21 October 2012

Privatization Pushback: Civil Society Slams Water Privatization Conditions for EU Bailouts

Letter from groups to EU Commission says plan is "economically, socially and democratically flawed"

- Common Dreams staff

Civil society groups Wednesday are slamming the European Commission's continued insistence that privatization of municipal water systems be a condition for receiving rescue funds, a plan the groups describe as "economically, socially and democratically flawed."

In a letter addressed to Olli Rehn, Vice-President of the European Commission and member of the Commission responsible for Economic and Monetary Affairs and the Euro, 24 groups, including Food & Water Europe, Save Greek Water, Italian Forum of Water Movements and Blue Planet Project, write that the privatization plans are based on supposed virtues of water privatization without any factual substantiation. Because of lack of success of privatizing municipal water, European communities who had privatized their water systems have re-municipalized them, the groups write. Their letter sent today is in response to a letter they received September 26 from Rehn acknowledging the privatization conditions.

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