Tag: banks

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...

THE Coalition regime is in big trouble after it faced defeat in the House of Commons last night over its measure to reorganise the...

As the scandal engulfing the banks accelerates daily, so the attempts by both Labour and coalition party leaders to pretend they can stop future crises...

DELAYS in Palestinian Authority employees salaries are unacceptable and government workers’ concerns must not be ignored, a union leader said last Tuesday. Government employees union...

UK banks do not have enough capital to withstand an escalation in the eurozone crisis, the Bank of England’s risk regulator has warned. The minutes...

CHRISTINE Lagarde, the chief of the IMF, warned the bosses and the bankers yesterday, in a speech in Japan, that the crisis is a...

UNISON has responded to the Institute for Fiscal Studies review into NHS funding, and warnings that in future, patients may have to pay for...

IN the same week that the capitalist banking system was exposed as a centre of criminal venality, lying and cheating in order to secure...

IT seems an official nurses’ strike is looming in Swaziland after the union called a special urgent meeting scheduled for today. The meeting is...

YESTERDAY the Secretary of State for Health told the House of Commons that the government will be taking a step back from the...

EX-Barclays Chief Executive Bob Diamond was asked point blank yesterday if he believed bankers who broke the law should be jailed. He was asked the...

The crisis resulting from the bank rate rigging scandal that has engulfed Barclays took a dramatic turn over the weekend with the revelation that...

THE British Medical Association (BMA) Annual Representative Meeting in Bournemouth on Thursday passed, almost unanimously, Emergency Motions calling to halt the take-over...

GERMANY’S Chancellor, Angela Merkel, says she is satisfied with the EU deal to help finance the debt-laden eurozone banks without the sovereign state, in...

WHEN it comes to fraud and stealing vast amounts of money the banks make your average burglar or spiv look like the rank amateurs...

THERE was a lively fringe meeting on the first evening of the BMA Conference in Bournemouth on Monday, organised by the All Trades Unions...

THE message from the government over the proposed dissolving of the South London Healthcare Trust and the closure of its major hospitals is...

THREE London hospitals face the threat of immediate closure as a result of PFI-induced bankruptcy, it emerged yesterday. In the first case of its kind,...

THE PM has said that people under the age of 25 are to lose their right to housing benefit, as part of moves to...

THE credit ratings agency Moody’s has downgraded 15 global banks and financial institutions. The UK banks downgraded were Royal Bank of Scotland, Barclays, HSBC and...

THE election results from May 6th in Greece and France show that the working class will use every opportunity to fight against paying for...

Over 50 doctors and their supporters organised a demonstration outside the Royal London Hospital in Whitechapel, East London yesterday during their strike over major...

AFTER governments across Europe either took over debt-laden banks, or the debts of the banks, in 2008 they demanded ‘austerity measures’ to repay the...

A REVOLUTIONARY situation exists in Europe today as a result of the world capitalist crisis. Social Democratic/Labour and Stalinist reformists, and revisionists, may scoff at...

The world crisis of capitalism is asserting itself with a vengeance, defying every attempt by governments and the world financial system to bring it...

AS GREEK workers went to the polls yesterday, bourgeois commentators were warning of a ‘widespread contagion’ or even an ‘asteroid strike’ of an economic...

Chancellor Osborne and Bank of England Governor King announced a massive £140bn emergency stimulus package for ailing British capitalism on Thursday night. Both were speaking...

CROWDS marched to Cairo’s Tahrir Square again yesterday after the April 6 movement called for a protest starting at 5.00pm (1500 GMT) ‘against the...

THE GOVERNOR of the Bank of England, King, spoke to the gathered ranks of big business on Thursday evening at his Mansion House feast,...

CHANCELLOR Osborne was in the mood for sacrifices on Tuesday and as is his way, the way of the British bourgeoisie, these sacrifices were...

GMB leader Paul Kenny has told delegates to the GMB conference that the GMB wants a greater say in Labour’s policy making process. The truth,...