Empire, Power & People with Andrew Gavin Marshall- Episode 137

Europe's Technocratic Tyranny

Throughout the course of the European debt crisis, unelected technocratic institutions have been the most important and influential in managing the EU's response to the crisis and overall management of Europe's economic governance. These institutions include the 'Troika' of the IMF, European Central Bank, and European Commission, but also secret meetings of finance ministers (known as the Eurogroup), who meet monthly to decide the fate of Europe's economy and give direction to the Troika in punishing problem countries. The former president of the Eurogroup (who is now president of the European Commission) proclaimed that it was best to make important decisions in "secret, dark rooms." This episode looks at the institutions that are represented in those 'secret, dark rooms'.

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