As a member of the 'Troika', the European Commission (with the International Monetary Fund and European Central Bank) has been responsible for setting the loan conditions for Greece, Portugal and other countries receiving rescue loans in the context of the sovereign debt crisis. These conditions, which have been widely criticised for the emphasis on cutting public budgets, include in the cases of Greece and Portugal large-scale privatisation of public services, including water utilities. We believe that this privatisation conditionality is unacceptable and seriously undermines the right to