Tag: banks

LEADER of the Coalition of the Radical Left (SYRIZA) Alexis Tsipras has warned that the Troika ‘maybe wants to abolish democracy’. Speaking at a railway...

MARGARET Thatcher was ignored by the bourgeoisie for 23 years after she was put out of office by the Tory leadership in 1990. This...

TORY leader Cameron has backed Chancellor George Osborne after he suggested a link between the Mick Philpott case and the Welfare State. The prime...

OVER two hundred workers, trade unionists and youth attended the News Line-North East London Council of Action Special Conference to defend our hospitals and...

GREEK seafarers along with dockers and all other ports workers staged a solid 24-hour national strike last Wednesday against two separate government Bills to...

THE farcically misnamed Banking Standards Commission (as if the banks had any standards) was created to try and prevent an even bigger banking collapse...

THE International Monetary Fund has delivered a brutal assessment of Ireland’s economic situation, complaining of a lack of progress by banks, and dangers of...

THE demand for a general strike to bring down the government has been driven by the working class onto the immediate agenda of the...

THOUSANDS of investors have launched a joint compensation claim for more than £4.0bn against Royal Bank of Scotland, claiming the 82% state-owned bank deliberately...

HUNDREDS of US cities are going bust, either destroyed by the banking and property collapse or by the crisis of the major US industries. The...

A FURTHER nail was driven into the coffin of British capitalism this week with the release of figures showing that the income from overseas...

Thousands of Bank of Cyprus employees remained in occupation of the bank’s Nicosia headquarters in defence of their jobs yesterday, after hearing that the...

FURIOUS CYPRIOT workers took over the streets of Nicosia on Tuesday and occupied the Bank of Cyprus. The occupation took place on the...

‘THIS decision is painful for Cypriot people. This decision was a defeat,’ Cyprus Parliamentary Speaker Yiannakis Omirou said yesterday. He was referring to the deal...

YESTERDAY’S ‘solution’ to the economic crisis of Cyprus is simply the decision of the EU bankers and the IMF to completely bankrupt the country...

POLICE were yesterday searching the home of Boris Berezovskiy. They were desperately looking for chemical, biological or nuclear material, so that they could...

MPs in Cyprus have been told to agree, by Monday, on a series of bills to raise 6bn euros off the backs of the...

CIVIL servants called for more action during their national Budget Day strike on Wednesday. PCS members at a lively picket outside the National Portrait...

ON a day during which it was announced by German bankers that Cyprus’ banks may never open again, and by the ONS that UK...

THE Cypriot parliament yesterday postponed an emergency session on the 7-10% banking tax imposed by the EU on every depositor in the country’s...

SPEAKING on BBC radio yesterday morning the LibDem business secretary, Vince Cable, described proposals being put forward by senior Tory MP Liam Fox as...

THE US trade gap widened in January to $44.45bn (£29.53bn) from December’s figure of $38.14bn, the US Commerce Department has reported. Much of the rise...

Nothing typifies the vicious war against the poorest and most vulnerable sections of the working class more than the introduction next month of...

US President Barack Obama has signed in a wave of steep spending cuts that will take $85bn (£56bn) from the US federal budget this...

THE Liberal Democrats have won the Eastleigh by-election, with the UK Independence Party pushing the Conservatives into third place, with Labour as also-rans. Mike Thornton...

WHATEVER the outcome of yesterday’s by-election in Eastleigh, it spells disaster for the Tory-led coalition government. Should the LibDems scrape a win over the Tories...

EUROPEAN stock markets fell sharply yesterday, with the election result in Italy producing no government, but marking a massive vote against austerity. Italy’s FTSE MIB...

THE bourgeoisie of Europe woke up on Tuesday morning to discover, to their horror, headlines proclaiming that the third largest economy in Europe had...

IN January the European Trades Union Confederation (ETUC) issued the call for trade unionists across the continent to rally on the eve of the...

Late last Friday, Moody’s Investors Service, one of the world’s three main credit rating agencies, downgraded the sovereign credit rating of the UK and...

THE European Commission (EC) yesterday admitted that the eurozone economy would contract in 2013, saying it will shrink by 0.3%. The EC warned that Spain,...

THE pound fell sharply on Wednesday against both the dollar and the euro as the money markets were shaken to the core by the...

IRISH Congress of Trade Unions (ICTU) Chief Economist Paul Sweeney has told a high level global economic summit involving the IMF, World Bank and...

THE news that has emerged that the Tory police and crime commissioner for Northamptonshire, Adam Simmonds, has been in secret talks for twelve weeks...

FIGURES publicised by Labour’s shadow health secretary, Andy Burnham, have shown that one third of England’s hospitals have been completely full at some time...

OVER three hundred firefighters lobbied the Fire Authority meeting in SE London yesterday, where the decision was being made to defy Tory Mayor Boris...

JEREMY HUNT, who did a stint as a very pro-Murdoch Culture Secretary, was reshuffled out of that job and became Health Secretary as a...

OVER 100,000 workers in their unions, with students and youth marched on Saturday through the centre of Dublin, furious at the 64 billion euros...

THE Irish Nurses and Midwives Organisation has warned that it will pull out of the corporatist Croke Park talks if the Government does not...

NHS staff should face prosecution if they are not open and honest about mistakes, according to the public inquiry into failings at Stafford Hospital. In...

THE Food and Allied Workers Union (FAWU) has welcomed, as a ‘short term victory’, an increase in the minimum wage for farmworkers from R69...

Yesterday the Tory chancellor, George Osborne, introduced legislation on banking reforms – reforms which he is desperately trying to insist will prevent the continuing...

DUBLIN – The Irish Congress of Trade Unions has warned that Ireland faces ‘the most dire consequences’ without a significant deal on the country’s...

IN THE UK at the moment there are dozens of District General Hospitals – some of the best in the world – set for...

WITH petrol poised to rise to £7.40 a gallon, the Office of Fair Trading (OFT) has intervened to rub salt into the gaping wounds...