Tag: banks

GREEK police made hundreds of arrests as students and youth continued the mass demonstrations against the government in Athens and all major cities. On...

‘THE news that General Motors is heading into bankruptcy means that the future of all GM plants is in the balance, especially the two...

FOR the fifth consecutive day Greek school and university students and workers continued to demonstrate in the capital Athens and in virtually all cities...

A huge Athens strike rally on Wednesday demanded the resignation of the ‘murderers’ government’ of Greek Prime Minister Kostas Karamanlis. Under glorious sunshine tens of...

GERMANY’S Finance Minister Steinbruck yesterday attacked the Gordon Brown policy for saving the bankers and capitalists from the crisis, as recklessness itself. He described Labour’s...

THE Greek Prime Minister Kostas Karamanlis delivered a 5-minute proclamation on all national TV channels and radio stations on Tuesday night condemning as ‘enemies...

YESTERDAY in the House of Commons the Tories were glorying in the fact that their votes will make sure that Labour’s bill to force...

THE occupation of a relatively small factory in Chicago by its angry workforce, members of the UE trade union, to prevent its closure, has...

OVER 5,000 Greek school and university students along with teachers and university lecturers demonstrated through the Athens city centre yesterday afternoon for the third...

SOME 15,000 students, youths, workers and trade unionists marched on Sunday afternoon from Athens Polytechnic to the Greek police HQ in protest against the...

IN all of the Greek cities there were clashes throughout yesterday between workers and youth and the riot police, and other Greek special forces....

Throughout Saturday night thousands of youth attacked banks and department store buildings as well as police stations in Athens and in many other Greek...

THE UAW leaders are prepared to ‘suspend’ all of the gains of US autoworkers to try and assist the big bosses of GM, Chrysler,...

Most trade union leaders welcomed the Brown government’s legislative programme announced in Wednesday’s Queen’s Speech. However, the Public and Commercial Services Union (PCS) warned...

BARACK OBAMA, United States President-elect, announced the latest appointments to his White House cabinet on Monday. He made Hillary Clinton Secretary of State, confirmed that...

UK Mortgage approvals fell sharply again in October, the Bank of England reported yesterday, confirming fears that house sales and prices have a lot...

THE EU Commission’s President Barroso has been told by the ‘people who matter’, ie by members of the Labour government, that they now...

THE Labour leaders are terrified the whole capitalist system is going to go, News Line Editor Paddy O’Regan told an audience of 200 youth...

‘As ordinary trade union members are fighting for their jobs they must have a leadership with a policy of “not one job sold, not...

THE Labour government, after handing tens of billions of pounds to the Northern Rock and the other major banks, in an attempt to save...

THERE is nothing like the crisis of the capitalist system to bring out the essence of the Labour and trade union leaders, as labour...

ON Monday Chancellor Darling opened his pre-budget report with a piece of cheerful idiocy, saying that he was ‘confident that the UK, as an...

Chancellor Darling yesterday handed more billions to business in his pre-budget report, while making it clear the working class will be expected to pay...

AS is his way, the Prime Minister addressed the CBI bosses organisation yesterday, just hours before his Chancellor was due to declare to the...

LAST week a Tory MP had to apologise to the House of Commons because he had said that the government should ‘let the recession...

Chancellor Darling is set to announce a 2.5 per cent cut in Value Added Tax (VAT) from 17.5 per cent to 15 per cent...

British Banks have been recapitalised by the working class, who were not consulted by the government before the Prime Minister took the decision...

‘We continue to believe that stock transfer is fraught with financial hazards,’ Unite said yesterday after it was announced that Plymouth council tenants have...

US and European car employers yesterday warned that ‘their’ industry faced wipeout, ‘victims’ of the slump in the motor car industry and the financial...

US WORKERS will be asking themselves what the recent presidential election campaign was all about when Obama was fighting for change and saying that...

FACED with the crash of the pound and the enormous 182,000 leap in the number of unemployed in the three months to October, the...

MERVYN KING, the Governor of the Bank of England (BoE), said on Wednesday that Britain was already in a recession. He added that he expected...

The economy of the 15-nations eurozone has slumped into recession for the first time ever, EU data released yesterday revealed, with GDP falling 0.2%...

The Communication Workers’ Union (CWU) yesterday said that job cuts in BT ‘must not be met through compulsion’ and pledged it will ‘oppose any...

GERMANY, the world’s biggest exporter of commodities, and the strong man of the EU, has begun to slump with government figures showing that its...

The Bank of England governor Mervyn King yesterday admitted that the UK entered a recession in the middle of 2008. Stunned by the...

Official figures out yesterday showed that UK unemployment has hit an 11-year high, with the number of people out of work in the three...

GLOBAL action to save the motor industry from crisis, and above all to stave off bankruptcy at General Motors, has been urged by Unite...

CWU postal workers and their families are marching through Bletchley, Milton Keynes on Saturday, against the planned closure of the Mail Centre. Paul Moffat,...

FOR SOME time Labour has been promoting the theme that the very idea of a job for life is reactionary, and has been glorifying...

GENERAL Petraeus is now the commander of all NATO forces in Afghanistan, and has declared that he intends to organise a NATO ‘surge’ in...

‘STOP evictions from Heygate estate!’ demanded a picket by Heygate tenants and the South-East London Council of Action, outside Southwark Town Hall last Wednesday...

YESTERDAY afternoon Barack Obama was in discussion with his economic advisers and with his allies as the crisis of US imperialism intensified on the...

A realisation of the depth of the slump, yesterday drove the Bank of England to make a panic 1.5% cut in interest rates...

BARACK Obama, the Democratic Party candidate, was elected the 44th President of the United States of America on Tuesday, with an overwhelming vote giving...