"Since its start in 1983, the European Union's Common Fisheries Policy (CFP) has failed to prevent overfishing. Over 25 years, short-term economic interest and political expediency has landed European fisheries in deep crisis."
(European Marine Programme of the Pew Environment Group)
"The Greek Crisis explained in 3 episodes. We didn't want to have our hands tied when it came to Greek Financial Crisis. It was a joint decision to set them free, and this is what they came up with; the 'Greek Crisis Explained' Trilogy. This project was basically assigned by us to ourselves and our brief was happily clear-cut: 'Present our very own version of the Greek Crisis'. And the story goes like this; Greece, a young spoiled girl gets devoured by Dept [sic], a humongous monster. EU cannot help Greece out on its own. And when all hope is lost, IMF is brought into play..."
Fig.1 "Greek Crisis Explained", CONCEPT / DIRECTION / DESIGN / ANIMATION / PRODUCTION: NOMINT nomint.gr/ Creative direction: Christos Lefakis, Yannis Konstantinidis, Direction / Story: Marilena Vatseri, Manos Gerogiannis, Christos Lefakis, Yannis Konstantinidis, Animation: Marilena Vatseri, Manos Gerogiannis, Christos Lefakis, Yannis Konstantinidis, Lead design: George Xanthos (aka Weirdink), Additional design: Manolis Mavris, Sound design: Christos Lefakis, Voiceover: Ross Douglas, Production Team: Aristotelis Michailidis, Marianna Papachristodoulou
"The IIEA is pleased to announce the publication of our latest infographic. The European Union's Response to the Euro Crisis details all of the EU's main policy responses to Europe's interlinked financial, economic and sovereign debt crisis and presents some further options that are under consideration."
(Institute of International and European Affairs, 27 January 2012)
"We're living with the economic fallout of the financial crisis and we're struggling to make sense of it. One way of understanding what's happened is to see that we're at the end of an era, an era of market triumphalism. The last three decades were a heady, reckless time of market mania and deregulation. We had the free market fundamentalism of the Reagan-Thatcher years and then we had the market friendly Neo-Liberalism of the Clinton and Blair years, which moderated but also consolidated the faith that markets are the primary mechanism for achieving the public good. Today that faith is in doubt. Market triumphalism has given way to a new market scepticism. Almost everybody agrees that we need to improve regulation, but this moment is about more than devising new regulations. It's also a time, or so it seems to me, to rethink the role of markets in achieving the public good."
(Professor Michael Sandel, 2009 Reith Lecture Series)
"We live in a time of crisis. In such times humans retreat to safety, and build bulwarks against the future. The financial emergency is having this effect on Britain's governing class. Labour has withdrawn to the safety of the sheltering state, and the comforts of its first income tax rise since the mid-1970s. Meanwhile, the Conservatives appear to be proposing a repeat of Thatcherite austerity in the face of economic catastrophe. But this crisis is more than an ordinary recession. It represents a disintegration of the idea of the 'market state' and makes obsolete the political consensus of the last 30 years. A fresh analysis of the ruling ideological orthodoxy is required.
On a deeper level, the present moment is a challenge to conservatism itself. The Conservatives are still viewed as the party of the free market, an idea that has collapsed into monopoly finance, big business and deregulated global capitalism. Tory social thinking has genuinely evolved, but the party's economic thinking is still poised between repetition and renewal. As late as August 2008 David Cameron said: 'I'm going to be as radical a social reformer as Margaret Thatcher was an economic reformer,' and that 'radical social reform is what this country needs right now.' He is right about society, but against the backdrop of collapsing markets and without a macro-economic alternative, Thatcherite economics has been wrongfooted by events."
(Phillip Blond, Prospect Magazine February 2009 issue 155)