Tag: europe

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...

GREECE is currently having its books and the success of its austerity measures examined by the EU Troika, made up of the representatives...

JULY 31 marked the 40th anniversary of a great working class victory, the release of the jailed Pentonville Five dockers in 1972. The TUC was...

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...

US President Barack Obama has signed a covert, secret order authorising the CIA and other US state agencies to support the Syrian counter-revolutionaries, the...

THE BANK of England and the European Central Bank were yesterday paralysed in the face of the rapidly deepening crisis of the world capitalist...

PALESTINIANS for Dignity’ reject the EU’s hypocrisy in upgrading its relations with the Israeli Occupation. ‘It has come to light over the...

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...

FIGURES released yesterday showed eurozone unemployment hit a new record high in June, with a jobless rate of 11.2% and 17.8 million people out...

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...

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...

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 RESPONSE to mine owners Glencore and Xstrata’s arrogant refusal to meet with a delegation of IndustriALL global union affiliates to discuss labour issues...

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...

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...

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...

GREEK Prime Minister elect Antonis Samaras has declared a massive privatisation plan for the entire transport and energy sectors as well as dozens of...

THE ‘Friends of Syria’ meeting in Paris on Friday saw the US Secretary of State, Hillary Clinton, frantically beating the war drums against Syria,...

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

THE Bank of England is to extend its Quantitative Easing (QE) programme (printing money) by another £50bn over the next four months in a...

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

Unemployment in the eurozone soared to 11.1% in May, while the manufacturing collapse continued and is set to accelerate, according to official statistics produced...

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...

THE Syrian President Bashar Al-Assad has reiterated that the sole way to resolve Syria’s current crisis is through a ‘national model’. He added: ‘What...

THE BMA ARM has condemned the Tory-led drive to impose local pay deals on the public sector – which would mean the end of...

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 imperialist military alliance, NATO, meets today at the request of Turkey which will be invoking Article 4 of its treaty which covers threats...

THE government plans to close Hammersmith and Charing Cross A&Es, warns Labour MP Andy Slaughter, who is calling on everyone to demonstrate in Westminster...

IN Once Again, Whither France? (March 1935) Leon Trotsky discussed the call for a general strike. He wrote: ‘The general strike, as every Marxist knows,...

MOSCOW – In an interview to the Ekho Moskvy radio station as part of the St Petersburg International Economic Forum, Foreign Minister Sergey Lavrov...

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...

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...

IN CONDITIONS of polarisation, the conservative New Democracy party won Sunday’s crucial and vastly internationally significant Greek general election gaining 29.6 per cent of...

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...

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

OXFAM warned yesterday that the ‘UK could return to inequality levels not seen since Victorian times’. Government rhetoric about ‘making work pay’ – used to...

Reductions in child poverty are being reversed by the Tory-LibDem Coalition’s onslaught on welfare benefits, a report from the Child Poverty Action Group (CPAG)...