Tag: greece

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)...

GOVERNOR Mervyn King announced yesterday that the Bank of England has cut its growth forecast to close to zero – from the 0.8 per...

GREEK bank workers at the ATE Bank (Agrarian bank) decided last Monday in a mass meeting to continue their national strike against the sell...

GREEK armed riot police squads assisted by other police units yesterday continued, for the fourth day running, the biggest pogrom against immigrant workers and...

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

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...

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...

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...

AT 5.30AM yesterday about 50 armed riot police stormed the striking steel workers’ pickets at the Hellenic Steel plant in Aspropyrgos, about 25 km...

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...

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

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...

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,...

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,...

PRIME minister Cameron claimed yesterday that Andy Coulson, who had resigned as editor of the News of the World and who currently faces charges...

CHANCELLOR Osborne was in the mood for sacrifices on Tuesday and as is his way, the way of the British bourgeoisie, these sacrifices were...

The leader of the Coalition of the Radical Left (SYRIZA) Alexis Tsipras paid a long electioneering visit on Monday to the Athens area Police...

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...

THE Greek economy fell further into deep recession in the first quarter of the year, according to the Greek Statistics Authority (EL.STAT.) who announced...

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...

THE Greek Statistics Authority (EL.STAT.) has announced that the official unemployment rate for last March rose to 21.9 per cent, a huge increase compared...

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...

THE seven and a half month old strike at the Hellenic Steel plant in Aspropyrgos, just 20 km from Athens, has been declared by...

A Greek single judge court on Sunday ruled ‘illegal’ a four-day national strike declared by the coach drivers’ federation of trades unions to demand...

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)...