By Stefan Steinberg, 24 July 2013
Figures from the Eurostat statistics agency show that the debt burden across the euro zone continues to rise after three years of austerity.
By Paul Mitchell, 24 July 2013
In a televised speech, Portuguese President Cavaco Silva declared that the country was in a national emergency, but rejected new elections.
By Alejandro López, 23 July 2013
Secret hand-written ledgers covering the period 1990 to 2008 detail more than 30 donations to the ruling Popular Party that were illegal.
By Julie Hyland, 20 July 2013
The Conservative/Liberal coalition in Britain has laid out further attacks on welfare provision, while the opposition Labour Party calls for even deeper cuts.
By Christoph Dreier, 19 July 2013
The Greek government has used the visit on Thursday by German Finance Minister Wolfgang Schäuble to impose a blanket ban on demonstrations in central Athens.
By Stefan Steinberg, 19 July 2013
A series of reports confirm that austerity policies implemented since the financial crisis of 2008 are plunging Europe ever deeper into recession.
By Alejandro López, 19 July 2013
Since the global economic crisis erupted in 2008 state revenue in Spain has slumped by nearly €200 billion.
By Robert Stevens, 17 July 2013
Greek workers struck against the firing of thousands of public sector employees.
By Peter Schwarz, 16 July 2013
Home improvement chain store Praktiker announced last week it is going into liquidation.
By Clara Weiss, 13 July 2013
The Nabucco pipeline project, which was to have transported gas from the Caspian Sea to Europe in order to bypass Russia, has been cancelled.
By Christoph Dreier, 11 July 2013
Greek municipal workers went on strike Monday in response to government plans to carry out further redundancies in the public services.
By Peter Schwarz, 10 July 2013
Former NSA employee Edward Snowden has exposed the infrastructure of a police state whose surveillance powers far exceed those of former totalitarian dictatorships.
By Andrea Peters, 10 July 2013
Russia’s minister of finance announced plans last week to address a $33 billion budget shortfall with cuts targeting the working class.
By Stefan Steinberg, 9 July 2013
In a major break with traditional policy, the European Central Bank promised last week to provide cheap credit indefinitely to European banks.
By Paul Mitchell, 8 July 2013
The governing coalition faced crisis last week with the resignation of the Finance Minister and Foreign Minister.
By Markus Salzmann, 6 July 2013
2013 will be the worst year for the auto industry in Western Europe in three decades. A recent study estimates that car sales will fall another 5 percent this year to below 12 million vehicles.
By Robert Stevens, 5 July 2013
A deal expected over the weekend between the “troika”and the Greek government will have further devastating austerity as its centerpiece.
By Peter Schwarz, 4 July 2013
At Wednesday’s European Jobs Summit in Berlin, government heads agreed to use record high levels of youth unemployment as the pretext for further attacks on the remaining social protections and past social gains of European workers.
By Franci Vier, 3 July 2013
Following the passage of trade union-agreed labour reforms, making it easier for companies to sack Spanish workers, mass sackings are on the increase.
By Jordan Shilton, 3 July 2013
A secret internal government report has revealed the plans of the Conservative-Liberal Democrat coalition to sell student loan debt to private investors.
By Peter Schwarz, 29 June 2013
The European Union’s “Call to Action on Youth Unemployment” is a travesty that only underscores the fact that an entire generation has no future in a capitalist Europe.
By Robert Stevens, 29 June 2013
This week’s Spending Round by the British government continues its programme of mass austerity and puts in place permanent welfare and pay cuts.
By Steve James, 29 June 2013
The taped 2008 conversations of Irish bank executives at the now-defunct Anglo-Irish bank gives an insight into the criminal activities of the banking elite globally.
By Paul Mitchell, 28 June 2013
Many Portuguese workers participated in a general strike Thursday, the fourth in two years against austerity.
By Marianne Arens, 28 June 2013
Relations between Switzerland and the United States are worse than ever before due to the tax dispute between the US Justice Department and Swiss banks.
By Anthony Torres, 27 June 2013
The NPA is trying to bring the popular opposition to the Socialist Party’s austerity policies into the dead end of support for the Left Front and the union bureaucracy.
By Robert Stevens, 27 June 2013
A crisis-ridden Greek government, composed of New Democracy and PASOK, announced a new cabinet following the resignation of the Democratic Left from the coalition.
By Vicky Short, 26 June 2013
The Spanish trade unions and opposition Socialist Party are collaborating with the Popular Party government in the destruction of the pension rights of millions of workers.
By Robert Stevens, 24 June 2013
This week’s spending review by the UK government will slash local authority budgets by a further 10 percent.
By Christoph Dreier, 22 June 2013
DIMAR chairman Fotis Kouvelis announced that his party would leave the Greek government coalition yesterday, amid protests over the shutdown of public broadcaster ERT.
By Alejandro López, 22 June 2013
The Bank of Spain has called for the elimination of the minimum wage, more flexibility in the labour market and other attacks on the working class.
By our correspondent, 21 June 2013
Suicides related to economic causes have increased 30 percent in the past four years, according to a recent report.
By Robert Stevens, 20 June 2013
Wages, adjusted for inflation, have fallen by 15 percent in the UK over the last five years.
By Stefan Steinberg, 17 June 2013
The authors of the JPMorgan report are arguing for governments to adopt dictatorial-type powers to complete the process of social counterrevolution that is already well underway across Europe.
By Jordan Shilton, 17 June 2013
Ireland’s trade unions are trying to force through an agreement that will reduce public sector jobs, cut overtime pay and lengthen working hours.
By Christoph Dreier, 13 June 2013
On Tuesday night, Greek police stopped transmission of the public broadcasting service, which is slated for restructuring and large-scale job cuts.
By Robert Stevens, 13 June 2013
Mass arrests were made by police who smashed their way into a squat with chainsaws, axle-grinders, crowbars and climbing gear.
By Christoph Dreier, 11 June 2013
Trade unions and pseudo-left groups organized a so-called Alter-Summit in Athens, backing the European Union institutions that impose austerity throughout Europe.
By Andre Damon, 6 June 2013
The volatility in financial markets reflects the artificial and unsustainable character of the rise in asset prices in the midst of stagnation and slump in the real economy.
By Christoph Dreier, 4 June 2013
In the face of rising social inequality, growing unemployment and the absence of popular confidence in the region’s governments, the International Labour Organization (ILO) warned Monday about the prospect of social unrest in Europe,
By Christoph Dreier, 1 June 2013
Though euro zone unemployment hit a two-year high in April, European governments are preparing further austerity measures.
By Robert Stevens, 1 June 2013
For the working class, there has been a drastic reversal in living standards, growing mass unemployment and savage cuts in social spending.
By Jordan Shilton, 27 May 2013
According to a leaked document from the European Union (EU) commission, the government in Dublin will now have to report monthly on healthcare spending.
By Anthony Torres, 23 May 2013
While the French economy has entered into recession, the European Union and the French government are pressing to accelerate social attacks.
By Paul Bond, 22 May 2013
The Save our NHS demonstration showed the bankruptcy of the Labour Party and trade unions campaign in defence of health care.
By Emily Wilson, 22 May 2013
The number of people in fuel poverty in England is expected to rise from 6 million today to 9 million by 2016.
By Marianne Arens, 22 May 2013
On May 14, Beppe Grillo published a racist blog post appealing to far-right forces.
By Markus Salzmann, 21 May 2013
Seven weeks after taking power, Slovenia’s centre-left governing coalition adopted a new austerity programme and presented it to the EU commission.
By Stefan Steinberg, 20 May 2013
Trade union leaders used a large demonstration in Rome on Saturday to cover their tracks in supporting the recently formed coalition government led by Prime Minister Enrico Letta.
By Chris Marsden, 18 May 2013
The decision by leaders of the OLME teachers union to abandon an agreed strike in the face of civil mobilisation orders has delivered a serious blow to the entire Greek working class.
By Vicky Short, 18 May 2013
With 6.2 million out of work, the trade unions are appealing for unity with the right wing Popular Party government.
By Andre Damon, 17 May 2013
Negative economic figures released this week point to continuing stagnation in the US amidst a worsening slump internationally.
By Stefan Steinberg, 17 May 2013
The latest OECD report confirms that inequality in most industrialised nations has grown significantly since the world economic crisis broke out in 2007-8.
By Markus Salzmann, 17 May 2013
In regional elections in Salzburg, the Social Democrats and the Austrian Peoples’ Party recorded the largest loss of support since the Second World War.
By Andre Damon, 16 May 2013
The euro area economy contracted by 0.2 percent in the first quarter of this year, which was followed by further calls for austerity.
By Christoph Dreier, 15 May 2013
The public service trade union federation, ADEDY, has made clear that it will not mobilize public employees to defend the teachers.
By Marianne Arens and Peter Schwarz, 15 May 2013
An appellate court has handed down a four-year prison sentence for tax evasion to former Italian Prime Minister Silvio Berlusconi.
By Nick Beams, 13 May 2013
Differences within the G-7 over economic policy are fuelled by the fact that almost five years since the global financial crisis erupted, the world economy is marked by deepening recessionary trends.
By Robert Stevens, 13 May 2013
The New Democracy, social democratic PASOK and Democratic Left coalition government signed a civil mobilisation order Saturday to outlaw a teachers strike, scheduled to begin on May 17.
By Robert Stevens, 10 May 2013
The IMF’s report follows the agreement made between the “troika” and the coalition government of New Democracy, PASOK and the Democratic Left last month.
By Jordan Shilton, 9 May 2013
Over recent months, financial firms in Britain including banks and insurers have announced thousands of lay-offs.
By Ernst Wolff, 9 May 2013
Verdi union negotiators have approved the setting up of three low-cost subsidiaries at Lufthansa, the largest European airline, paying up to 30 percent lower wages.
By Kumaran Ira, 8 May 2013
The NPA fears that Mélenchon’s willingness to work under Hollande will expose the anti-working class politics of the entire pseudo-left.
By Ulrich Rippert, 7 May 2013
Against the background of the greatest economic crisis since the 1930s, the European Union is showing its true face—that of a dictatorship of finance capital.
By Stefan Steinberg, 6 May 2013
The official debate over austerity in Europe has broken out amid deepening economic crisis and mounting social anger in the working class.
By Christoph Dreier, 4 May 2013
Police intervened to prevent supporters of the Greek fascist party Golden Dawn from carrying out a food distribution in Athens’ Syntagma Square.
By Elizabeth Zimmermann, 4 May 2013
Unemployment in the Netherlands has reached 8.1 percent—the highest level in 30 years
By Antoine Lerougetel and Alex Lantier, 4 May 2013
A class gulf separates the explosive anger and opposition to austerity that is building in the working class across Europe from establishment figures like Mélenchon.
By Andre Damon and Stefan Steinberg, 2 May 2013
Unemployment in the euro zone hit another record in March, with no end in sight to the economic and social catastrophe gripping Europe.
By Chris Marsden, 2 May 2013
Enrico Letta heads a coalition tasked with continuing the savage austerity measures begun under Mario Monti.
By Alex Lantier, 30 April 2013
With 26 million workers unemployed in Europe, Hollande is signaling that he will keep supporting social cuts that are devastating the French and European economies.
By Chris Marsden, 29 April 2013
The formation of a Grand Coalition government in Italy shows the degree to which the global financial oligarchy dominates political life.
By Jordan Shilton, 29 April 2013
Voters in Iceland have inflicted a massive defeat on the Social Democratic-Left Green coalition, which has ruled the country for the past four years.
By Mike Jobson, 29 April 2013
Italian prosecutors ordered the seizure of €1.8 billion in a probe of Monte dei Paschi di Siena bank.
By Markus Salzmann, 29 April 2013
Slovenia is regarded as the next likely candidate for an EU bailout to shore up its banks.
By Alejandro López, 27 April 2013
The Spanish government has announced the first in a series of new austerity measures to be presented to the European Union.
By Alex Lantier, 26 April 2013
The number of unemployed workers in Spain and France reached all-time highs, as Europe’s economic collapse accelerates under the impact of devastating austerity measures.
By Jordan Shilton, 26 April 2013
Elections in Iceland this weekend are likely to see a massive anti-government vote, putting an end to four years of rule by the Social Democrat-Left Green coalition.
By Christoph Dreier, 25 April 2013
The lockout of tens of thousands of Danish teachers by the state marks a new stage in the class struggle in Europe.
By Alex Lantier, 25 April 2013
After two months of crisis following February’s elections, recently reinstalled Italian President Giorgio Napolitano has tasked Enrico Letta with forming a government.
By Ute Reissner, 25 April 2013
Some 8,000 teachers were called out on a one-day protest strike in Berlin on Tuesday.
By Alejandro López, 24 April 2013
The huge decline in support for the political parties, trade unions, and the monarchy can only mean huge social struggles are on the horizon.
By Franci Vier and Paul Mitchell, 23 April 2013
None of the main demands of the anti-evictions petition launched by the Mortgage Victims Platform have been included in a new law by the Popular Party.
By Peter Schwarz, 22 April 2013
The reelection of Georgio Napolitano as Italian president is a strictly temporary solution.
By Vicky Short, 22 April 2013
The Socialist Workers Party (PSOE) and the two main trade unions, Workers Commissions (CCOO) and General Workers Union (UGT), are embroiled in a fraud scandal.
By Peter Schwarz, 20 April 2013
The election of Italy’s president, like the previous general election, has exposed deep divisions and bitter power struggles within the ruling elite.
By Robert Stevens, 19 April 2013
Under terms agreed with the “troika” some 15,000 public sector workers will lose their jobs by the end of 2014, including 4,000 jobs this year.
By Chris Marsden, 19 April 2013
Thirty or more migrant workers have been wounded in a shooting on a strawberry farm in southern Greece. Eight of the workers remain in critical condition.
By Andre Damon, 18 April 2013
The International Monetary Fund downgraded its 2013 outlook for the world economy Tuesday amid mounting signs that the global slump is intensifying.
By Elizabeth Zimmermann, 17 April 2013
Siemens plans to cut 4,000 jobs in its industrial sector worldwide in order to save 1.1 billion euros by 2014.
By Jordan Shilton, 16 April 2013
The Parliamentary Commission on Banking declared that HBOS crashed after a lack of risk controls, rapid and aggressive expansion and poor management amounting to a “colossal failure” on the part of bank executives
By Stefan Steinberg, 15 April 2013
Despite data indicating that Europe’s recession will continue this year, European finance ministers meeting in Dublin over the weekend agreed to intensify austerity measures.
By Jordan Shilton, 15 April 2013
Ireland’s trade unions are intensifying their collaboration with the government in order to implement a further €1 billion in austerity cuts.
By Robert Stevens, 13 April 2013
Eurogroup head Jeroen Dijsselbloem has warned that Greece needed to “speed up its efforts” in order to comply with the troika’s austerity programme.
By Alejandro López, 12 April 2013
Over 700,000 Spanish bank depositors have been defrauded by the banks, including many who have lost their life savings.
By Marianne Arens and Peter Schwarz, 12 April 2013
Seven weeks after the Italian election, the Democratic Party and the People of Freedom party are discussing a grand coalition to form a government.
By Christoph Dreier, 11 April 2013
Fifty-five years after the founding of the European Economic Community, the project of unifying Europe on a capitalist basis has been irrevocably shattered by the global economic crisis.
By Dennis Moore, 10 April 2013
From this month, millions of the poorest people in the UK are being forced to pay Council Tax for the first time, plunging many into deeper poverty.
By Christoph Dreier, 10 April 2013
With the escalation of the euro crisis, the Left Party is moving closer to the Merkel government and essentially supports its brutal course on Cyprus, which means the unprecedented looting of the country.
By Paul Mitchell, 9 April 2013
The Portuguese Constitutional Court’s ruling against EU budget cuts reveals the politically criminal and illegal basis of the pan-European onslaught on the working class.