Tag: banks

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...

EUROPEAN Central Bank (ECB) president Mario Draghi yesterday warned eurozone leaders that current financial mechanisms are ‘unsustainable’. Addressing the European Parliament, Draghi asked: ‘Can the...

GREEKjournalists, printers, technicians and media office workers staged a 100 per cent successful national strike on Monday against wage cuts and mass sackings, demanding...

NOT just Greece but the Eurozone and, by extension, the whole of Europe is a financial basket case that is heading inexorably towards a...

LLOYD’S of London has made preparations for the collapse of the euro. Richard Ward, its chief executive, has publicly admitted that the world’s...

• No to the destruction of collective agreements! • Down with the EC-IMF austerity measures Accords! • Withdraw from the EC and NATO! •...

The head of the International Monetary Fund (IMF), Christine Lagarde, issued the gravest warning yet on the state of the UK economy on Tuesday,...

The Greek conservatives New Democracy party is building up a ‘pro-European front against populism’ with the aim of defeating the Coalition of the Radical...

THE EUROZONE crisis was finally, officially recognised as the time bomb that will bring down the entire capitalist banking system at last weekend’s meeting...

ON Wednesday, King, the governor of the Bank of England, said of the developing crisis in the eurozone that his Monetary Policy Committee believes...

BANK of England Governor King admitted yesterday that risks to the UK economy from ‘difficulties facing the euro area’ are ‘impossible to quantify’. King was...

THE CRISIS of the British capitalist state has been highlighted by the News International scandals which will do for the British ruling class what...

UK Chancellor George Osborne lashed out at Germany’s ‘Iron Chancellor’ Merkel before the meeting of EU finance ministers in Brussels yesterday. He attacked Merkel...

The economic and political crisis in the Eurozone countries is now firmly expressing itself in Germany, the dominant capitalist nation in Europe and the...

THE government’s claims about numbers of civil servants on strike over pensions are wildly inaccurate, the Public and Commercial Services union has insisted. Nearly...

IT was Karl Marx who in 1848, two months before the February revolution erupted in France, began the Communist Manifesto with the words ‘A...

THE leader of the Coalition of the Radical Left (SYRIZA) Alexis Tsipras stated on Tuesday ‘the expression of the public’s will has made the...

FOLLOWING the failure to form a government by the leader of the Greek Tories, Antonis Samaras, the leader of the Coalition of...

WORKERS and youth in Greece are set to deliver the biggest electoral blow ever this Sunday against the two main capitalist parties, the conservatives...

ON Wednesday night, the outgoing governor of the Bank of England, Mervyn King, delivered a speech that amounted to little more than an extensive...

MAY DAY STATEMENT BY THE NEWS LINE EDITORIAL BOARD THE Editorial Board of the News Line sends its revolutionary greetings to the workers of the...

The first round of voting in the French presidential election, held last Sunday, produced an unprecedented defeat for the incumbent Nicolas Sarkozy and his...

The present unelected Greek coalition government, of social-democrats and conservatives headed by banker Lucas Papademos has decided to fund with some 50bn euros the...

THE European banks are heading at speed into a crash that will bring down not just the economies of the 17-nation Eurozone but the...

INFLATION may stay above 3% during the rest of this year, according to Paul Tucker, a deputy governor of the Bank of England. He...

SOARING food and clothing prices saw the Consumer Prices Index (CPI) inflation rate measure for March rising to 3.5% from 3.4% in February. The Office...

The news yesterday that the cost of borrowing for Spain has jumped to over 6% will inevitably mean that for the country to stagger...

THE Hewletts came straight to the point yesterday over the plan to close Chase Farm hospital. ‘We should sack Lansley and the whole government to...

IT is one of the features of the capitalist crisis that it proceeds not in a straight line but through a downward spiral movement...

THE Spanish government is to cut 27bn euros (£22.5bn) from its budget this year. Among the measures are the freezing of public sector...

THIS IS the message that is coming out of the Bradford West by-election where Respect candidate George Galloway was ‘unexpectedly’, out of the blue,...