Tag: banks
Carry Out Pledges – Demand Greek Workers
THE Greek Finance Minister has sent a letter of capitulation to the EU’s diktats, dated Wednesday 18 February 2015. It was sent to Eurogroup President...
CAMERON ATTACKS THE SICK AND GPs OVER ‘SICK NOTE CULTURE’
AS FAR as this reactionary coalition government is concerned, anybody who is sick for more than four weeks in a year is probably engaging...
Oborne Quits Telegraph – – Calls For Independent Review Of Its...
THE chief political commentator of the Daily Telegraph, Peter Oborne, who resigned from the newspaper on Tuesday, yesterday called for an independent review of...
Failing Universal Credit proceeds!
THE disastrous Universal Credit scheme, despite being lambasted by the National Audit Office for wasting tens of millions of pounds of taxpayers...
Syriza Discussing Keeping Austerity Memorandum
THE Greek government’s proposals for a new agreement over the terms of the bail-out loan of 240bn euros were discussed at this week’s Eurogroup...
‘NOT ONE STEP BACKWARDS!’ – Greek workers demand of Syriza
OVER 40,000 Greek workers, many with their families, shop-keepers, professional people and youth rallied at the central Athens Vouli (Greek parliament) square calling on...
Greek Crisis Set To Explode Under Eu!
GREECE’S Syriza government has drawn up its plan to renegotiate with the EU. Prime Minister Alexis Tsipras won a confidence vote on Tuesday evening,...
HSBC a repeat offender that will never change
IN September 2014 HSBC settled claims that it made false representations in selling mortgage bonds to the giant US mortgage companies Fannie Mae and...
First speech of Greek PM Tsipras
THE new Greek Prime Minister Alexis Tsipras made his first speech to the Vouli (Greek parliament) last Sunday night saying he would carry out...
Private Landlords enjoy subsidies while evicting the poor
IN the 1950s and 60s, the name Peter Rachman became synonymous with ‘slum landlord’ and the brutal methods used to drive out tenants whose...
‘We will not be blackmailed’–Athens workers
SOME 10,000 workers and their families gathered outside the Vouli (Greek parliament) last Thursday evening in Athens in protest against the European Central Bank’s...
Capitalism sinking under $199 trillion of debt
A MAJOR report by the McKinsey Global Institute exposes the historic depth of the crisis gripping the world capitalist system, a debt crisis of...
‘REOPEN ERT STATE TV!’ –Greek workers demand of Syriza
The sacked ERT state TV and radio workers’ union POSPERT has called a mass rally in Athens for Wednesday 11 February. They are demanding that...
Syriza Begins T0 Swing To The Right!
GREEK Prime Minister Alexis Tsipras has said he is confident that agreement can be reached with creditors over the repayment of ‘Greece’s debts’,...
Germany dives into deflationary spiral
THE crisis of world capitalism continues to batter the economies of the eurozone into the ground with virtually every day bringing forth yet more...
Carney urges united action by the bourgeoisie of Europe
IN his speech in Dublin on Wednesday, Bank of England Governor Carney delivered a warning to the EU – as Greek shares collapsed on...
Greek working class delivers blow to EU capitalism
THE victory of Syriza in the Greek election represents a huge blow by the Greek working class against European capitalism. Syriza, the coalition of the...
Syriza Victory!
SYRIZA swept to power yesterday in the Greek elections winning 149 seats, just two short of an absolute majority. After the final results came in...
Time for US workers to break with the Democratic Party
A NEW Gallup poll survey shows that 14% of American households describe poverty wages and the cost of healthcare as their most important financial...
The last-ditch attempt to save the euro and head off revolution
ON Thursday the European Central Bank (ECB), after months of prevarication and splits within its ranks, finally took the decision to launch the eurozone’s...
EU to throw 1.26 trillion euros at the banks
EUROPEAN Central Bank chief Mario Draghi yesterday launched the bank’s ‘expanded asset purchase programme’, to buy bonds from banks to try...
Tunisians march on fourth anniversary of revolution!
TUNISIANS on Wednesday marked the fourth anniversary of the revolution that toppled strongman Zine al-Abidine Ben Ali and sparked a mass wave of protests...
The currency crash and the socialist revolution
THE decision by the Swiss National Bank (SNB) to abandon its three-year cap on the franc last Thursday has had an immediate and catastrophic...
Swiss National Bank puts the skids under the euro
DEFLATION ran amok yesterday as Tullow Oil wrote off $2.2bn (£1.45bn), a direct result of the oil price collapse after the World Bank warned...
Answer NHS crisis with general strike and occupations
THIS week saw the crisis in the NHS reach breaking point with at least 17 hospitals in England declaring they faced a ‘major incident’...
Blind leading the blind at BofE!
A MONTH before the start of the 2007 financial crash, the Bank of England was completely unaware of the impending biggest disaster in the...
World crisis deepening to explosion point!
JAPANESE stocks led big falls across Asia on Tuesday, posting their biggest drop in nearly 10 months, as investors became hysterical about falling oil...
Miliband’s ‘fight door-to-door’ bombast has no answers for workers and...
ED MILIBAND kicked-off Labour’s election campaign yesterday with a speech full of bombast and empty promises, but which has at its core the main...
Greek workers on the march to socialist revolution
THE Greek working class, Greek youth and the majority of the middle class and the small farmers have battled the EU imposed austerity programmes...
Tory-type austerity is now Ball’s centre ground
WRITING in the Guardian this week, Labour shadow chancellor, Ed Balls, made it clear that the Labour leadership’s economic policy consisted solely of moving...
MANIFESTO FOR 2015 – The Year for World Revolution
THE News Line editorial board sends its revolutionary greetings, as we enter the new year of 2015, to the working people of the world. We...
Greek vote provokes revolutionary crisis
YESTERDAY''S Greek presidential vote heralds the start of a fresh eurozone crisis that threatens to bring down the Eurozone and with it the whole...
Mass Demonstrations Continue In Haiti
MASS demonstrations continued in Haiti on Xmas eve demanding the resignation of President Michel Martelly and that elections be held. The Haitian parliament’s mandate runs...
Saudis oil war is deepening the world crisis
SAUDI Arabia’s oil minister, Ali al-Naimi, has said the oil producers’ cartel, Opec, will not cut production even if the price falls to $20...
Second Xmas on the dole for 700,000!
ACCORDING to research published by the TUC on Monday, over 250,000 people will be spending their second successive Christmas on the dole. Even this figure...
Cuts will push councils to breaking point!
THE cuts to local government funding will ‘push councils to breaking point’ according to council leaders. On Thursday the Tory Communities and Local Government minister, Kris Hopkins,...
False start for Psaki in sanctions assault race!
US President Obama has not yet signed a bill clearing the way for more economic sanctions against Russia. The US State Department confirmed ...
Greek Stocks ‘Meltdown’
THE Athens Stock Exchange collapsed again by 7.35 per cent on Thursday wiping 13 billion euros off shares. In the last three days it has...
Reinstate Ricky Matthews Demand 2,000 Striking Firefighters In Aylesbury March
OVER 2,000 striking firefighters marched through Aylesbury on Tuesday chanting ‘Reinstate Ricky Matthews!’ The national demonstration took place during the Fire Brigades Union’s (FBU) national...
World banking system faces melt-down
THE world crisis of capitalism has sharpened to the extent that even the staid Bank for International Settlements (BIS) has been forced to express...
Half a million families will lose their homes if rates are...
IN its direst warning to date on the scale of personal debt, the Bank of England has predicted that half a million families will...
Osborne furious over ‘back to the 1930s’ taunt
THE Tory Chancellor, George Osborne, was described in the bourgeois press as being ‘rattled’ by the news coverage of his Autumn Statement. In fact, ‘rattled’...
Ferguson resistance joins hands with Walmart workers
THE US working class is now definitively on the march after six days of action in the town of Ferguson culminated in calls...
Black Friday mayhem in bankrupt UK
BLACK Friday came to the UK yesterday with scenes of chaos and mayhem in supermarkets up and down the country, scenes that came close...
Hundreds Of Thousands Of NHS Workers Take Strike Action!
HUNDREDS of thousands of NHS workers in England and the north of Ireland went on a four-hour strike on Monday morning. Nurses, cleaners, porters, midwives,...