Tag: banks

‘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...

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...

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...

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...

August is traditionally the month when politicians, bankers and bureaucrats across Europe take an extended break away from the chaos of the economic meltdown...

FOR the second day running the bourgeois media have been dominated by the Olympic opening extravaganza organised brilliantly by Danny Boyle, who used and...

GREEK PM Antonis Samaras is meeting the organisation of Greece’s international creditors, the Troika (IMF, EU, ECB), to try to persuade it to give...

US Treasury Secretary Timothy Geithner urged UK Bank of England governor Mervyn King in 2008 to reform the London interbank offered rate (Libor) process...

GERMANY’S AAA credit rating was cut to ‘negative’ by ratings agency Moody’s yesterday, the first step towards a downgrade. The agency acted after a ...

CREDIT ratings agency Moody’s yesterday reflected the rapidly developing EU meltdown by doing the unthinkable – warning the EU’s strongman, Germany, that...

TORY PM Cameron has declared, in the last few days, that he will be pushing through austerity measures until the end of the next...

IN an interview given to the Daily Telegraph, the Tory prime minister, David Cameron, declared that ‘austerity’ will be forever as far as he...

THE capitalist media has been forced, in recent days, to reveal some of the misdoings of the great banks that stand astride the...

A REPORT leaked this weekend spells out exactly how the Tory-led coalition means to destroy completely the National Health Service and is preparing to...

SO FAR twelve global banks have been publicly linked to the Libor rate-rigging scandal, and face as much as $22 billion in combined regulatory...

HEALTH Secretary Lansley announced yesterday that he is putting South London Healthcare NHS Trust into administration. The trust was created by merging three hospitals –...

THE Tory Health Secretary, Andrew Lansley, announced yesterday that, following the legal period required for consultation, he was implementing the threat made last month...

RIOT police fired rubber bullets Wednesday at Spanish coal miners protesting in the streets of Madrid, along with tens of thousands of other workers. Hundreds...

SPANISH PM Mariano Rajoy has just announced a 3% VAT rise from 18%-21%, and a series of austerity measures that will cut the Spanish...