The Steady Destruction of Europe

Changing times need new words. Until you can accurately describe what is going on, you lack the agency to fully understand it and the capacity to respond to it. In this spirit, the Académie Franciase has invented a word for hashtag (#): mot-dièse. And in this spirit, I’d like to introduce a new term into European vocabulary: getting troiked. “Getting troiked“ is the process by which European member states on the brink of insolvency are forced to cut down on public spending by restructuring, reforming and reorganising every aspect of their public sector in exchange for the liquidity required to stay afloat. The measures have only deepend recessions, and each tranche loaned needs to be met with further spending cuts until either a miracle happens or they are bled out in the streets for all to see.