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.
By Robert Stevens, 9 April 2013
The terms dictated to Cyprus by the European Union in exchange for a bailout are predicated on the destruction of the pay and conditions of the working class.
By Ajanta Silva, 9 April 2013
The final business plan of the National Health Service management in the south west of England serves as a blueprint for reducing the pay and conditions for workers throughout the NHS.
By Julie Hyland, 8 April 2013
Politicians in the UK have responded to the tragic deaths of six children in a house fire to demand even further cuts in welfare spending.
By Gustav Kemper, 8 April 2013
Web offset giant Goss International intensifies its redundancy program, laying off 430 workers.
By Dietmar Henning, 6 April 2013
Large sections of the European population are paying with their health, or even their lives, for EU-dictated austerity measures.
By Steve James, 6 April 2013
The pseudo-left parties in the UK are using opposition to the introduction of the “bedroom tax” to help the trade unions, Labour Party and Scottish National Party posture as opponents of austerity.
By Alex Lantier, 5 April 2013
The scandal over tax evasion by former Budget Minister Jérôme Cahuzac on bank accounts tied to business activities with neo-fascist groups has shaken the Socialist Party.
By Julie Hyland, 4 April 2013
The punitive measures imposed on Cyprus mark a qualitative deepening of the European bourgeoisie’s class war offensive.
By Stefan Steinberg, 4 April 2013
The latest figures from the Eurostat statistics office confirm that the continent’s economic recession is taking a rising toll on jobs and living standards.
By Robert Stevens, 2 April 2013
The cynically-named Athena Plan, calling for mass closures of universities and technical institutions, was passed in flagrant violation of the Greek constitution.
By Alejandro López, 2 April 2013
Recent statistical surveys attest to the massive drop in working class living standards in Spain since the onset of the global financial crisis.
By Jordan Shilton, 1 April 2013
As the vast scale of the mortgage debt crisis emerges in Ireland, the government and the banks prepare to increase repossessions.
By Robert Stevens, 30 March 2013
Fresh from its financial looting of Cyprus, the European bourgeoisie is threatening to withhold funds from Greece unless it complies with mass sackings in the public sector.
By Julie Hyland, 29 March 2013
The working class of Cyprus faces mass poverty and a doubling of unemployment as the result of the bailout imposed on the small Mediterranean island.
By Alex Lantier, 29 March 2013
In an hour-long television interview last night, French President François Hollande sought to outline his policies amid rising popular anger against his government.
By Vicky Short, 29 March 2013
Sacked Delphi workers in Cadiz clashed with trade union officials during an official celebration called by the Socialist Party-Communist Party regional government.
By Steve James, 28 March 2013
All the regional devolved administrations in the UK are pushing ahead the assault on health care underway in England.
By Julie Hyland, 27 March 2013
The €10 billion loan agreed between the Cypriot government and the European Union will see the country lose 20 percent of its GDP in three years, with unemployment doubling.
By Hendrik Paul, 27 March 2013
The deputy leader of the Left Party’s parliamentary group praised the Agenda 2010 social cuts made by the former Social Democratic Party-Green Party coalition government.
By Jordan Shilton and Chris Marsden, 26 March 2013
The statement by Euro Group head Jeroen Dijsselbloem that the Cyprus bailout is a model for the rest of the euro zone led to falls on Europe’s financial markets.
By Jo March, 26 March 2013
Unions announce a timetable of rolling regional strikes, not scheduled to begin for three months.
By Jordan Shilton and Chris Marsden, 23 March 2013
The fate of Cyprus illustrates how the European Union imposes the dictatorship of the global speculators, banks and corporations on the working class.
By Dietmar Henning, 23 March 2013
At two staff meetings on Thursday, workers at the Opel plant in Bochum voted by a large majority (76.1 percent) against the so-called “master contract”.
By Robert Stevens, 23 March 2013
Alexis Tsipras, the leader of Greece’s SYRIZA spoke in London at several events last week.
By Alex Lantier, 22 March 2013
Cyprus’ parliament passed legislation granting the state emergency powers, including capital controls to block sudden outflows of money from the country.
By Jordan Shilton and Chris Marsden, 21 March 2013
The collapse of Cyprus’s financial system is being avoided only by the continued closure of the banks, which may be kept shut until next Tuesday.
By Paul Bond, 21 March 2013
Chancellor George Osborne’s budget speech has set out more money for British banks, speculators and major corporations, while workers face a continued wage freeze and greater cuts in social provision.
By Elizabeth Zimmermann, 20 March 2013
Gerhard Cromme announced his resignation March 8 as chair of the Supervisory Board of ThyssenKrupp AG.
By Ulrich Rippert, 20 March 2013
Across Europe, trade unions are playing a key role in imposing mass layoffs, wage cuts and the closure of auto plants.
By Jordan Shilton and Chris Marsden, 19 March 2013
Terms attached to the European Union bailout for Cypriot banks triggered heavy losses on financial markets.
By Stefan Steinberg and Chris Marsden, 18 March 2013
The decision by the European Union summit to levy a tax on Cyprus bank deposits to pay for a rescue package resulted in a stampede to withdraw cash from the country’s banks.
Statement by the Socialist Equality Party of Germany (PSG) and the editorial board of the World Socialist Web Site
15 March 2013
The agreement reached between GM-Opel management, IG Metall and the joint works council is aimed at pitting workers at different plants against each other and carrying out the closure of the Bochum factory.
By Peter Schwarz, 14 March 2013
The summit attended by 27 leaders of the European Union in Brussels tonight resembles a besieged fortress.
By Cristoph Dreier, 13 March 2013
Some 68 years after the end of Nazi rule in Europe, fascistic organizations are again part of official politics, and entire ethnic groups are deported and humiliated.
By Paul Mitchell, 13 March 2013
The announcement that Portugal may be given an additional year to pay back the €78 billion bailout comes amid fears of economic meltdown and growing concern at the depth of public opposition.
By Jordan Shilton, 13 March 2013
The EU finance ministers have agreed in principle to examine ways to restructure the bailout programmes of Ireland and Portugal.
By Christoph Dreier, 11 March 2013
As the social crisis worsens in Greece, the ruling class is courting the fascist Golden Dawn group to help it suppress popular opposition.
By Antoine Lerougetel, 9 March 2013
Riot police sprayed tear-gas and fired pepper spray at hundreds of workers from the Goodyear Tire Amiens-Nord site in northern France Thursday.
By Marc Wells and Peter Schwarz, 9 March 2013
To understand the rise of Beppo Grillo one must take account the deep crisis of European capitalism and the bankruptcy of the traditional parties of the “left”.
By Christoph Dreier, 8 March 2013
Protesters in Bulgaria oppose the austerity measures dictated by the EU and the IMF and the bitter poverty they have produced, but the organisers are mainly petty-bourgeois forces seeking their own share of the spoils.
By Stefan Steinberg, 8 March 2013
On the same day that figures were released underlining that Europe is in deepening recession, European stock markets soared to their highest levels since August 2008.
By Marianne Arens and Peter Schwarz, 6 March 2013
Italian parties are trying to form a government to continue the austerity measures of ex-premier Mario Monti.
By Robert Stevens, 6 March 2013
The primary demand of the troika is that there be no retreat on plans to slash the number of civil service employees.
By Stefan Steinberg, 6 March 2013
Those responsible for a redivision of social wealth for the benefit of the banks are seeking to portray themselves as advocates of ordinary Europeans.
By Trevor Johnson, 5 March 2013
Six of the local wards in Greater Manchester are among the 60 most deprived wards in the UK.
By Jordan Shilton, 4 March 2013
The Fine Gael-Labour Party coalition in Ireland have agreed a new three-year plan with the trade unions, cutting another €1 billion from public spending.
By Robert Stevens, 2 March 2013
Politicians have been in contact with military personnel over how to respond to an “explosion” of social unrest against government austerity measures.
By Peter Schwarz, 27 February 2013
Italian voters have unambiguously rejected the policies of the Monti government and the European Union.
By Chris Marsden, 27 February 2013
The downgrade of the UK’s credit rating was a negative verdict on Britain’s economy that is well founded.
By Alejandro López, 27 February 2013
Mass protests and strikes continue in Spain against the austerity regime of Prime Minister Mariano Rajoy.
By Pierre Mabut and Antoine Lerougetel, 27 February 2013
In a letter pledging to exploit underpaid Asian workers, the CEO of Titan denounced workers at Goodyear’s embattled plant in Amiens-Nord, France.
By Jordan Shilton, 26 February 2013
As the new Cypriot government of Nikos Anastasiades pledges further austerity, the financial crisis gripping the island threatens the stability of the euro zone.
By Robert Stevens, 25 February 2013
Mass unemployment exists in Greece, with many “working poor” unable to meet their basic needs.
By Sybille Fuchs, 25 February 2013
Targeted are the child allowance, health insurance, parental benefits, pension benefits, and funding to help with housing and education.
Social cleansing of London
By Paul Bond, 25 February 2013
Local councils—with Labour-run administrations in the lead—are implementing a policy of social cleansing by trying to relocate families up to 200 miles away.
By Nick Beams, 25 February 2013
The share sell-off in reaction to concerns over the Fed’s quantitative easing program shows that markets are floating on a sea of liquidity created by central banks.
By Alejandro López, 22 February 2013
Last week, Spain’s ruling Popular Party executed an about-face over foreclosures and evictions.
By Alejandro López, 20 February 2013
On Monday, striking workers at the Spanish airline Iberia paralysed Barajas international airport in the capital Madrid.
By our correspondent, 20 February 2013
German unions are seeking to defuse anger and prevent united action by teachers.
By Alejandro López, 18 February 2013
Spanish workers have suffered a steep rise in unemployment, lower wages and worsening labour conditions, while the employers have reaped the rewards.
By Robert Stevens, 16 February 2013
In the face of a deepening slump and growing government repression, workers throughout Greece have continued strikes and protests ahead of a general strike February 20.
By Antoine Lerougetel, 16 February 2013
An unemployed Algerian worker died by self-immolation in front of the state employment agency in Nantes following cancellation of his unemployment benefits.
By Markus Salzmann, 16 February 2013
Major auto companies have moved their production to Eastern Europe in order to profit from low wages and poor working conditions.
By Andre Damon, 15 February 2013
The economy of the 17-member euro zone contracted 0.6 percent in the last three months of the year, underscoring the depth of the economic slump gripping the world economy.
By Joe Mount, 15 February 2013
The objective is to argue that child poverty should be redefined to blame “benefit entitlement” for “encouraging worklessness.”
By Elizabeth Zimmermann, 15 February 2013
ThyssenKrupp can rely on the full support of the union IG Metall in its jobs massacre.
By Jordan Shilton, 13 February 2013
Ireland’s Fine Gael-Labour coalition announced an agreement with the European Central Bank last week, ostensibly designed to remove the “promissory note” payments to bail out the failed Anglo Irish Bank.
By Peter Schwarz, 11 February 2013
European governments are responding to social opposition with strike bans and methods of state violence traditionally associated with dictatorships.
By Peter Schwarz, 11 February 2013
With the first cut to its own budget, the EU has given a clear signal for the continuation of its austerity agenda.
Photographer Alessandro Penso, chronicler of “Fortress Europe,” speaks on the plight of migrant youth
By Paul Mitchell, 9 February 2013
Penso, winner of the Terry O’Neill award for his photographs of migrant youth in Greece, spoke to the WSWS on the European social crisis.
By Marianne Arens, 8 February 2013
Italy’s former prime minister used the occasion of Holocaust Remembrance Day to praise the fascist “Duce” Benito Mussolini.
By Richard Duckworth, 8 February 2013
The announcement comes less than six months after British politicians, business circles and the media praised Honda to the skies and declared that Britain had “won the global car war”.
By Robert Stevens, 8 February 2013
The WSWS replies to a criticism of “Pseudo-left conceals refusal of SYRIZA, PASOK and trade unions to oppose Golden Dawn.”
By Clara Weiss, 7 February 2013
The budget for 2013-2015 provides for massive cuts in the spheres of culture, education and health, while the share going to military spending will rise to 6.1 percent of GDP.
By Joe Mount, 5 February 2013
Youth unemployment continues to rise in the UK, with a new study forecasting that 86,000 more workers under the age of 25 will be without jobs this year.
By Michael Gardner and Paul Mitchell, 4 February 2013
Six million workers are now unemployed in Spain, a huge increase on the 1.7 million unemployed in 2007.
By Thomas Scripps, 2 February 2013
One in ten young people feel they cannot cope with day-to-day life.
By Konrad Kreft, 2 February 2013
Germany’s second largest bank will achieve its billion-dollar “income and growth objectives” by laying off 10 percent of its workforce.
By Christoph Dreier, 1 February 2013
On Thursday Greece witnessed numerous protests and strikes against the government’s austerity measures and its brutal crackdown against strikers.
By Peter Reydt, 1 February 2013
Official GDP figures show the UK economy contracted in the last quarter of 2012 by 0.3 percent and is on course for a “triple-dip” recession.
By Elisabeth Zimmermann, 30 January 2013
Recent studies show that despite the relatively low unemployment rate in Germany, poverty rates have increased sharply.
By Paul Bond, 29 January 2013
As the social catastrophe deepens, all parties in Italy’s general election have agreed to impose further austerity measures.
By Christoph Dreier, 28 January 2013
The Greek government has turned to state repression to halt sympathy strikes after using emergency powers and police violence to break the Athens subway strike.
By Christoph Dreier, 26 January 2013
The use of dictatorial laws and state violence amounts to the criminalization of any form of collective resistance by workers.
By Bill Van Auken, 26 January 2013
With Greece’s government in deepening crisis, Alexis Tsipras, leader of the SYRIZA opposition party, came to the US to meet with State Department and IMF officials and make a series of public appearances.
By Dietmar Henning, 26 January 2013
The firm aims to save €100 million annually through the destruction of jobs in marketing, management and administration.
By Julie Hyland, 25 January 2013
Cameron’s commitment to a referendum on EU membership was met with criticism from various European governments.
By Paul Mitchell, 25 January 2013
Italy’s recession will be worse than previously expected this year, the Bank of Italy said last week as it cut its 2013 estimate for economic growth.
By Michael Regens and Marianne Arens, 23 January 2013
Health workers in Germany seeking to defend services confront a united front of hospital management, politicians of all parties and the trade unions.