Tag: banks

IN HIS first interview since becoming the coalition Health Secretary, Jeremy Hunt spelt out bluntly that capitalism could no longer afford a national health...

THE CALL for European-wide, co-ordinated strike action to defeat the EU ‘austerity’ measures made by the leader of the Greek TUC is a sure...

TUESDAY'S speech to the Labour Party conference has been greeted with an outpouring of joy from the leadership of the trade unions and the...

SYRIA’S Foreign and Expatriates Minister Walid al-Mua’llim on Monday delivered a speech before the United Nations General Assembly. He warned: ‘Instead of seeking to contribute...

Shadow chancellor Ed Balls provoked the fury of the unions at the Labour Party Conference in Manchester yesterday with his refusal to pledge a...

BEFORE the 1997 election, the Blair-Brown gang proved to big business that they were the right men to run capitalism by conducting a war...

HUNDREDS of thousands of workers, youth, self-employed and small shopkeepers took part last Wednesday in the mass and militant demonstrations throughout Greece as part...

IN a week when Greece and Spain witnessed massive strikes and demonstrations against austerity measures – designed to drive the working class and youth...

YESTERDAY Greece was hit by a massive general strike with tens of thousands of workers marching in Athens demanding that there be an...

ATHENS riot police were firing rubber bullets and tear gas at workers and youth near to the Athens parliament building during yesterday’s general strike....

IMF CHIEF Christine Lagarde opened her speech of last Monday in Washington with a dose of false optimism. She said: ‘Let me begin by saying...

THE Portuguese government has agreed to look for alternatives to th social security tax rise, just one week after huge anti-austerity street protests shook...

UK PUBLIC sector borrowing has hit a record high of £14.4bn. After more than two years of Tory austerity measures, the deficit for August...

AT the end of August the EU-imposed Greek prime minister, Antonis Sameras, announced to a disbelieving populace that the £9.3 billion cuts imposed on...

THE victory of the strike of the Lonmim miners will inspire not just the workers of South Africa and Africa as a whole, but...

‘ANY attempt to break national pay rates must be met by the TUC calling an indefinite general strike to bring down this Tory-LibDem Coalition...

SO FAR trillions of pounds have been spent by the state, using taxpayers’ money, to rescue, prop up and save bankrupt banks and...

BANK SHARES rose rapidly yesterday with the news that the Federal Reserve Bank is to open up the inflationary floodgates and re-prop up the...

A REPORT  issued by the Royal College of Physicians (RCP) this week exposes the appalling state of hospitals in England as the NHS is...

AFTER the successful lobby of the TUC in Brighton on Sunday, the Young Socialists held a meeting at 5.00pm of 100 youth and workers...

DELEGATES at the TUC Congress 2012 in Brighton yesterday voted unanimously for composite Motion 1, which calls on the TUC to give its full...

TEACHERS in England returned to work this week facing an all-out assault on their jobs, their pay and the very existence of free state...

THE UN’S International Labour Organisation has issued a dire warning of the disaster that will follow on from Greece being evicted from the EU...

UNEMPLOYED youth will be forced to work unpaid for three months before they can claim benefits under plans announced by London Mayor Johnson and...

THE European Central Bank has reported that outflows from the Spanish banks reached 74bn euros (£59bn) in the month of July,...

Statement by the Revolutionary Marxist League Greek Section of the International Committee of the Fourth International The only road for all workers is to build...

HUNDREDS of state-run schools in England are facing closure as a direct result of the Tory-led coalition’s war against free state education, it emerged...

EUROGROUP President Jean-Claude Juncker is in Athens for talks with Greek Prime Minister Antonis Samaras on whether the debt-laden country has the will to...

THE UK government borrowed £600 million in July to cover the gap between spending and revenue, the ONS reported yesterday. The city is aghast...

EXPELLED ANC Youth League leader Julius Malema last Saturday blamed the ANC leaders for the massacre of 34 miners and the...

LABOUR’S last Chancellor, Alistair Darling, has urged the Tories to set about printing or borrowing even more money to finance growth. It must be remembered...

THE eurozone economy shrank in the third quarter from April to June by 0.2%, with France having a third consecutive quarter of no growth...

IT’S ‘make or break’ time for UK manufacturing, according to the authoritative Chartered Institute of Personnel and Development (CIPD), an organisation not noted for...

IN temperatures of 42 Celsius in the shade, over 1,000 striking bank workers of the Agrarian Bank (ATE) and of the Postal Bank (TT)...

GREEK bank workers at the ATE Bank (Agrarian bank) decided last Monday in a mass meeting to continue their national strike against the sell...

THE Governor of the Bank of England yesterday poured gallons of ice cold water over the prospects of British and world capitalism. King cut the...

SAVAGE ‘austerity’ cuts to prop up bankrupt capitalism and its banks are being met with a revolutionary response from workers and youth throughout Europe. In...

THOUSANDS of Greek bank workers are continuing their strike against privatisation and will be joined by Postal Bank workers who are holding a one-day...

THIS year’s TUC Congress next month is meeting at a time when all of the basic rights and gains of the working class are...

THE BANK of England and the European Central Bank were yesterday paralysed in the face of the rapidly deepening crisis of the world capitalist...

THIS week the ‘big guns’ of the capitalist world banking system will each be holding their regular monthly meetings with only one question on...

EUROZONE manufacturing activity has hit a three-year low at the same time as the banking crisis is reaching explosion point. Greece has run out...

THE daily picket to stop of Chase Farm Hospital will be marking its 150th day by mid-August. Organised by the North East London Council of...

REPUBLICAN presidential nominee Romney won endorsement from former Polish president and former Solidarity leader Lech Walesa, only to see the Solidarity...

US TREASURY Secretary Timothy Geithner held emergency meetings with German finance minister Wolfgang Schaeuble and European Central Bank chief Mario Draghi yesterday. Markets had...