Tag: banks

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...

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...