By Nick Beams, 24 July 2014
A war of words over monetary policy has erupted between the Bank for International Settlements and major central banks.
By Alejandro López, 21 July 2014
Podemos aims to occupy the vacuum left by the collapse of the establishment parties to prevent growing social opposition from developing into a conscious political movement threatening capitalism.
By Ulrich Rippert, 14 July 2014
The judgment in the HSH Nordbank trial shows how the capitalist judicial system serves the financial aristocracy.
By Peter Schwarz, 30 June 2014
The EU does not preserve European peace. It is a breeding ground for social inequality, nationalism and war.
By Stefan Steinberg, 25 June 2014
The economic crisis in Europe is increasingly shifting from the periphery to the core of the continent.
By Julie Hyland, 21 June 2014
Official statistics confirm that the UK’s economic “recovery” is benefiting only the super-rich, to the detriment of working people.
By Jordan Shilton, 16 June 2014
Coming in the context of a series of reports on the astronomical levels of social inequality in Britain and internationally, Carney’s comments are a warning to ruling circles over the instability of their social order and the inevitability of mass social opposition.
By Dennis Moore, 11 June 2014
Due to years of budget cuts, Kew Gardens has a £5 million shortfall, leaving it ever more dependent on philanthropic and commercially generated funding.
By Joe Mount, 10 June 2014
This will be the first decade since records began in 1961 that has not seen a fall in absolute child poverty in the UK.
By Stefan Steinberg, 6 June 2014
The move is an expression of the fact that, nearly six years since the collapse of Lehman Brothers, the world economy remains in deep crisis.
By Paul Mitchell, 2 June 2014
Votes for the two right-wing government coalition partners collapsed to just 27.7 percent
By Alejandro López, 30 May 2014
The ruling right-wing Popular Party (PP) and the opposition Socialist Party (PSOE) both had their worst results since the first elections in post-Franco Spain.
By Jordan Shilton, 23 May 2014
Britain’s super-rich elite now control wealth equivalent to one third of total economic output, or £519 billion.
By Julie Hyland, 13 May 2014
The Times figures show that the UK now has one billionaire for every 600,000—the highest concentration in the G8.
By Paul Mitchell and Alejandro López, 5 May 2014
The Communist Party (PCE)-led United Left (IU) has reaffirmed its commitment to the coalition government with the Socialist Party (PSOE) in the Spanish region of Andalucía.
By Kumaran Ira, 30 April 2014
Financial markets are calling on the Socialist Party government of Prime Minister Manuel Valls to intensify attacks on the working class.
By Alejandro López, 22 April 2014
The Spanish Popular Party government and the main opposition Socialist Party have rejected the request by the Catalan regional parliament to hold an independence referendum on November 9.
By Kumaran Ira, 21 April 2014
The PS is repudiating all the social concessions made to the working class after the fall of the Nazi collaborationist regime at the end of World War II.
By Peter Schwarz, 14 April 2014
In turning to an aggressive foreign and military policy, the ruling elite is responding to a profound crisis of European capitalism.
By Stefan Steinberg, 12 April 2014
German Chancellor Angela Merkel flew to Athens Friday to bolster the prospects of the right-wing government of Antonis Samaras in the forthcoming European elections.
By John Vassilopoulos, 8 April 2014
Panayiotis Baltakos was seen as the “No. 2” man in the government, co-ordinating its policies.
By Dorota Niemitz, 1 April 2014
A recent report by the Central Statistical Office of Poland shows that more than half a million of the country’s children suffer from malnutrition.
By Robert Stevens, 1 April 2014
The latest agreement between the European Union-led troika and the Greek government includes measures to limit the right to strike.
By Antoine Lerougetel, 28 March 2014
Pierre Moscovici, European economy commissioner, has demanded more austerity in France as part of the EU’s attacks on the working class across Europe.
By Danny Richardson, 27 March 2014
Under Labour’s scheme, young people will be compelled to work for a six-month period at the minimum wage.
By Alejandro López, 26 March 2014
Among the proposals from nine Spanish academics is a nearly 10 percent reduction in income tax on the richest sections of the population.
By Alejandro López, 24 March 2014
A mass demonstration on Saturday in the Spanish capital Madrid protested growing austerity, evictions, unemployment and poverty.
By Robert Stevens, 24 March 2014
Under the slogan “politics for everyone”, founder Stavros Theodorakis advances the conception that it is possible to achieve a national economic revival within the framework of the capitalist profit system.
By Paul Mitchell, 22 March 2014
In the fortnight leading up to the elections, the International Monetary Fund sent its latest mission to Serbia to drum home the precarious state of the economy.
By Jordan Shilton, 20 March 2014
The sale of state-owned companies to international investors is anticipated to net the government €1.4 billion.
By Christoph Dreier, 11 March 2014
The German president exhibited all of the dishonesty and hypocrisy that have become his political trademarks on his three-day trip to Greece.
By Marc Wells, 4 March 2014
Italy’s new premier, Matteo Renzi, has approved a decree that prepares the framework for an unprecedented assault on public workers and services as well as the selloff of cultural assets.
By Robert Stevens, 28 February 2014
The closure of the entire state-run outpatient clinic network for one month to introduce the new Primary Healthcare Network could lead to thousands of job losses.
By Markus Salzmann, 27 February 2014
The new Czech government is committed to a political course that is aligned to the European Union but abhorred by the population.
By Robert Stevens, 25 February 2014
One of the police raids took place at the Keratsini High School on February 8, where students questioned by police were singled out because they had participated in a protest occupation of the school in October.
By Jordan Shilton, 21 February 2014
A long delayed fatal accident inquiry into the crash of a Super Puma into the sea off the coast of Peterhead in 2009, killing all 16 on board, has finally begun.
By Julie Hyland, 17 February 2014
With a turnout of just 28.5 percent, there is no disguising the widespread alienation of the overwhelming majority of the population from the existing setup.
By Stéphane Hugues, 11 February 2014
PSA is intensifying the exploitation of its work force, relying on speedup and job cuts in Europe while preparing a major production shift towards Asia.
By Robert Stevens, 10 February 2014
The SYRIZA coalition has acknowledged that if it came to power, it would pay back the vast bulk of the country’s debt.
By Stefan Steinberg, 5 February 2014
The human misery resulting from the policies of the European elite finds its sharpest expression in the growth of mass unemployment and resulting poverty.
By Robert Stevens, 29 January 2014
Demands for further austerity come after the Council of State ruled previous wage cuts to the armed forces, police, coast guard and firemen unconstitutional.
By Eileen Rose, 22 January 2014
The New Year saw one of the largest landlords in Kent, Fergus Wilson, announce he will no longer rent his houses to benefit recipients and plans to evict 200 tenants.
By Vicky Short and Paul Mitchell, 20 January 2014
Two hundred plaintiffs and their lawyers have been forced to fly to Argentina to give evidence in a lawsuit seeking an investigation of torture, executions and abductions.
By Alejandro López, 18 January 2014
The unrest in Burgos is a foretaste of the next period under Spain’s explosive social conditions of mass unemployment and growing poverty.
By Dietmar Henning, 18 January 2014
The bankruptcy is bound up with the global offensive against the wages and rights of the working class.
By Peter Schwarz, 15 January 2014
The Party of the European Left recently held an event in Berlin in preparation for the upcoming European Parliament elections.
By Jordan Shilton, 13 January 2014
Lufthansa Technik announced the closure of a facility near Dublin.
By Konrad Kreft, 6 January 2014
The latest report by the Joint Welfare Association refutes the official propaganda that Germany is a haven of prosperity in Europe.
By Tom Pearse, 4 January 2014
Figures for 2011-2012 show 13 million people in the UK are in poverty.
By Johannes Stern, 30 December 2013
With the two-year budget for 2014/2015, the social democratic-conservative Senate in Berlin is paving the way for further austerity in coming years.
By Ulrich Rippert, 23 December 2013
The new German grand coalition, which enjoys an overwhelming parliamentary majority, was even more aggressive in its posture toward the EU than the government it replaced.
By Jordan Shilton, 23 December 2013
The largest budget cuts in over 30 years provoked widespread strikes and protests in Portugal.
By Johannes Stern, 13 December 2013
The mass layoffs at aerospace and defence firm EADS are part of a new round of attacks on the European working class.
By Jordan Shilton, 13 December 2013
The dispute arose over a €1.6 billion deficit in the pension scheme and the company’s decision to change from a defined benefit to a defined contribution system.
By John Vassilopoulos, 12 December 2013
The death of a 13 year old girl in Greece, from carbon monoxide poisoning, is the latest of many social tragedies resulting from years of brutal austerity.
By Stefan Steinberg and Barry Grey, 7 December 2013
The fines amount to a slap on the wrist for banks that have long since factored such sums into their accounts.
By Jordan Shilton, 2 December 2013
The finance minister was adamant that the government’s austerity measures would continue long after the bailout programme comes to an end next summer.
By Konrad Kreft, 2 December 2013
The IG Metall union commissioned a study on the expansion of work contracts because it felt its role in the spread of contract labour had been overlooked by the political and business elite.
By Ajanta Silva, 21 November 2013
A new report on social inequality in Europe confirms that adverse health conditions are determined by power, money and resource inequities.
By Elisabeth Zimmermann, 21 November 2013
Germany’s second-largest energy company plans to eliminate one in ten jobs by 2016.
By Marianne Arens, 19 November 2013
While Berlusconi announced on Saturday his party’s return to the name Forza Italia, Angelino Alfano unveiled a new party.
By Stefan Steinberg, 15 November 2013
Financial markets are pushing for austerity measures that have devastated southern and eastern Europe to be imposed in the continent's main economies.
By Alejandro López, 14 November 2013
Thousands of garbage collectors and gardeners have been on indefinite strike in Spain's capital Madrid since November 5.
By Jordan Shilton, 14 November 2013
A strike of Portuguese public sector workers, in opposition to further austerity cuts of €3.9 billion, including wage cuts of up to 12 percent, received the support of 70 percent of the workforce.
By Robert Stevens, 13 November 2013
British Prime Minister David Cameron used the annual speech at the Lord Mayor’s Banquet to declare that the devastating austerity being imposed by his government will be “permanent.”
By Christoph Dreier, 13 November 2013
A vote of no confidence in the Greek government initiated by the largest opposition party, Syriza (Coalition of the Radical Left), failed by a wide margin on Sunday.
By Max Schneider, 11 November 2013
On November 24, Switzerland will hold a referendum on whether the wage gap between lowest and highest earners at a company should be limited to a ratio of 1 to 12.
By Sybille Fuchs, 9 November 2013
Around 10 percent of German children live in families whose income lies below the poverty line.
By Alex Lantier, 7 November 2013
Continuing stagnation and mass layoffs across the euro zone’s devastated economies constitute a condemnation of the economic irrationality of capitalism.
By Jordan Shilton, 6 November 2013
As unemployment and poverty grow, thousands protested against new austerity measures of the Portuguese government.
By Stefan Steinberg, 2 November 2013
According to new figures issued by the Eurostat data agency, unemployment across the 17-country euro zone hit a record 12.2 percent in September.
By Martin Kreickenbaum, 28 October 2013
The European Union has responded to the refugee crisis in Lampedusa by hermetically sealing its borders and expanding the police apparatus used to repel refugees.
By Mariane Arens, 21 October 2013
The so-called stability law 2014 mandates spending cuts of close to €12 billion and tax cuts for business of €3.7 billion.
By Peter Schwarz, 17 October 2013
From the outside, the EU is like a fortress before whose walls thousands of migrants lose their lives, while inside it resembles a prison, with rising poverty and exploitation.
By Jordan Shilton, 17 October 2013
The Fine Gael-Labour coalition has outlined new austerity measures, including €1.6 billion in spending cuts aimed at the most vulnerable.
By Christoph Dreier, 14 October 2013
The Greek government is increasingly resorting to authoritarian methods to enforce planned redundancies in the face of mounting working class resistance.
By Stefan Steinberg, 12 October 2013
The social crisis in Europe is being consciously exploited by the continent’s political elite to affect a major redistribution of wealth from the bottom of society to the top.
By Denis Krassnin, 10 October 2013
Working conditions tantamount to modern slavery are being introduced into Europe by the notorious Foxconn corporation.
By Olivier Laurent, 10 October 2013
The French austerity budget slashes social spending and increases taxes for workers while companies get tax breaks.
By Elisabeth Zimmermann, 9 October 2013
The announcement by Siemens’ management that 15,000 jobs will be axed worldwide is the prelude to further cuts.
By Robert Stevens, 7 October 2013
The arrest of fascist Golden Dawn party leaders was a long-planned operation, carried out amid escalating opposition to Greece’s coalition government.
By Barry Mason, 7 October 2013
Almost 1 in 10 working households in Europe now lives in poverty.
By Sofia Staubach, 7 October 2013
In the past two decades, 37 of 168 orchestras in Germany have been closed, and 2,315 musicians’ jobs cut.
By Peter Schwarz, 4 October 2013
The financial and political crisis in Europe has re-emerged with renewed intensity after the German federal elections.
By Christoph Dreier, 4 October 2013
Yesterday, Greek authorities released three of the fascist Golden Dawn deputies arrested after the murder of anti-fascist hip-hop musician Pavlos Fyssas.
By Peter Schwarz, 3 October 2013
Rather than a “historic day for Italian democracy,” Wednesday’s confidence vote was a closing of ranks within the ruling class for a fresh assault on the working class.
By Christoph Dreier, 2 October 2013
Fearing that workers will begin to take the struggle against the fascists into their own hands, the Greek government has arrested leading members of Golden Dawn to bolster the credibility of the state.
By Christoph Dreier, 30 September 2013
On Saturday, 18 leading members of Golden Dawn, including the chairman of the party, Nikos Michaloliakos, were arrested.
By Marianne Arens, 30 September 2013
The Italian government is set to collapse just five months after taking office.
By Alejandro López, 30 September 2013
The ability of the Popular Party government to impose new attacks on civil servants and pensions, is entirely due to the collaboration of the trade unions.
By Christoph Dreier, 28 September 2013
Golden Dawn has been deliberately built up by the ruling class to spearhead the violent suppression of the working class.
By Christoph Dreier and Katerina Selin, 25 September 2013
As new evidence of official support for the neo-Nazi Golden Dawn group emerges, unions and pseudo-left parties are trying to politically subordinate protests to the state.
By Alejandro López, 23 September 2013
The efforts by Spain’s Socialist Party (PSOE) to whip up support for US-led threats against Syria is aimed at distracting public attention from the social catastrophe for which it is responsible.
By Christoph Dreier, 20 September 2013
On Thursday thousands again took to the streets in Greece to protest social cuts and the fascist murder of musician Pavlos Fyssas.
By Katarina Selin, 20 September 2013
The increase in suicides in Greece highlights the social decline which has taken place under the diktat of the European Union.
By Andre Damon, 20 September 2013
JPMorgan Chase, the largest US bank, settled charges related to its multi-billion-dollar trading loss Thursday with four regulators, paying a total of $920 million in fines.
By Katerina Selin and Christoph Dreier, 19 September 2013
Protests were held in all major Greek cities Wednesday against the austerity measures of the Greek government and the European Union.
By Steve James, 13 September 2013
The circumstances of Henryk Piotrowski’s life and brutal death express in a particularly cruel form the impact of the Irish and European ruling class’s austerity policies on the most vulnerable sections of working people.
By Alejandro López, 28 August 2013
Due to deepening austerity measures, over a quarter of the Spanish population under 16—some 2.3 million children—are now at risk of malnutrition.
By Sven Heymann, 20 August 2013
The European steel industry confronts overcapacity and shrinking markets.