Tag: banks

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

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...

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...

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,...

THE Greek leader of the Coalition of the Radical Left (SYRIZA) Alexis Tsipras in an interview with the Athens left daily Avgi on Sunday...

THE Eurozone has agreed to lend the Spanish banks up to 100bn euros without demanding any austerity measures after Spanish Economy Minister...

The political crisis for the European bourgeoisie deepened yesterday following the results of exit polls at the end of the first round of voting...

THERE was fury across Spain yesterday after prime minister Mariano Rajoy hailed a eurozone ‘lifeline’ of up to 100 billion euros ($125 billion) to...

LEFTIST SYRIZA leader Alexis Tsipras addressed a crowd of party supporters in Sparti, in the Peloponnese, on Thursday night. Tsipras said that his party would...

KARL MARX was able to show that one of the fundamental contradictions of the capitalist system was the conflict between the need of the...

US Federal Reserve chairman Ben Bernanke said yesterday that he is ‘ready to act’ on the US economy, hinting that the US is about...

THE Bank of England yesterday left UK interest rates unchanged at 0.5 per cent and announced no expansion to its quantitative easing (QE-printing money)...

THE sense of panic and of impending doom is running wild amongst the international banks and the world bourgeoisie as they are forced to...

THE Jubilee ‘celebrations’ have turned out to be a petty, momentary diversion for sections of the middle class, away from the real drama...

Financial leaders of the G7 group of industrialised nations held an emergency ‘teleconference’ on the worldwide economic crisis yesterday. Canada’s Finance Minister, Jim Flaherty, warned...

BILLIONAIRE financial speculator George Soros warned yesterday that the German economy is going to totter in the Autumn, when the crisis will ‘come to...

TWO weeks before the Greek general election, due on June 17, Alexis Tsipras the leader of Coalition of the Radical Left (SYRIZA) last Friday...

PRESSURE is mounting on the Bank of England’s Monetary Policy Committee (MPC) to consider another round of emergency Quantitative Easing (QE – printing money)...

THE head of the European Central Bank (ECB), Mario Draghi, has pronounced the Eurozone to be ‘unsustainable’ in its present form, while the EU...