By Markus Salzmann, 17 January 2015
Miners are resisting the Polish government’s plans to restructure the coal industry and lay off thousands of workers.
By Nick Beams, 16 January 2015
The decision by Swiss authorities to end the franc’s fixed relationship to the euro has led to one of the most rapid currency appreciations in history.
By Nick Beams, 14 January 2015
Oil prices on Tuesday sank further toward their levels of 2009, while bond yields hit zero in Japan.
By Nick Beams, 10 January 2015
The announcement that Europe has gone into deflation underscores the deepening breakdown of the global capitalist economy.
By Stefan Steinberg, 9 January 2015
More than six years since the 2008 financial crash, Europe is beset by economic stagnation.
By Joe Mount, 9 January 2015
A significant number of young apprentices receive below the minimum wage, work unpaid overtime and have no written contract of employment.
By Nick Beams, 6 January 2015
The main factor in the fall in US markets appears to have been the further sharp decline in oil prices.
By Markus Salzmann, 5 January 2015
Lithuania is the third and last Baltic state to introduce the euro.
By Nick Beams, 3 January 2015
ECB President Mario Draghi has taken another step to full quantitative easing amid increasing deflationary pressures.
By Julie Hyland, 3 January 2015
City Link is the latest in a number of private equity-backed companies that have gone bankrupt over the last few years.
By Kumaran Ira, 29 December 2014
The New Anti-capitalist Party and the Left Party are insisting that all opposition be controlled by France’s union bureaucracy.
By Jordan Shilton, 27 December 2014
Even at this early stage, it is clear that nothing will be done to uncover the criminal practices of those who crashed the economy through financial speculation.
By Jean Shaoul, 22 December 2014
The tax deals deprived tax revenue to governments around the world, all of which now claim that public services are unaffordable.
By Alex Lantier, 18 December 2014
As imperialism encircles and financially strangles Russia, the catastrophic consequences of the dissolution of the USSR are being made all too clear.
By Alex Lantier, 16 December 2014
The strike brought the country to a standstill amid mass opposition in the working class to the reactionary Michel government's austerity agenda.
By Marianne Arens, 15 December 2014
Renzi has the backing of an all-party political alliance and can also rely on the support of the union leadership in enforcing his anti-labour reform plans.
By Dietmar Henning, 12 December 2014
Thirty years ago, the richest 10 percent in OECD countries earned seven times more than the poorest 10 percent. Today, the ratio is 9.5 to 1.
By Marc Wells, 5 December 2014
Protests broke out in Rome against the Renzi government’s Jobs Act, a labor reform that removes basic workers’ rights and guarantees.
By Ulrich Rippert, 1 December 2014
Finance Minister Schäuble’s austerity diktats and the Left Party’s call for investment programmes are only the right and left boot of capitalist exploitation.
By Dietmar Henning, 1 December 2014
The Hartz welfare and labour “reforms” and the enlargement of the EU have created conditions in which hundreds of thousands of workers are exploited as virtual slaves.
By Robert Stevens, 29 November 2014
Young workers have borne the brunt of the post-2008 assault on pay, with the real wages level of those under 25 falling back to below levels last seen in 1988.
By Stéphane Hugues, 29 November 2014
The Peugeot-Citroën group has laid out plans for a new wave of mass sackings accompanied, as in previous years, by public denials that these are being prepared.
By Kumaran Ira, 26 November 2014
France and Germany are proposing a joint economic reform plan with deep social cuts and flexible labour rules in favour of big business.
By Jean Shaoul, 14 November 2014
Leaked documents show how 340 multinational groups set up corporate structures to avoid taxes.
By Nick Beams, 7 November 2014
ECB president Mario Draghi insisted that the bank stands ready to inject up to one trillion euros into the financial system.
By Jan Peters, 7 November 2014
Thousands of job cuts are taking place at major assembly plants and in the parts industry.
By Anthony Torres, 3 November 2014
In the negotiations, the French and Italian governments agreed to impose deep attacks on the social rights of the working class.
By Robert Stevens, 1 November 2014
The restructuring is part of a three-year strategy, with Lloyds planning to make a further £1 billion a year in cost savings by 2017.
By Kumaran Ira, 28 October 2014
Valls is proposing to eliminate long-term job contracts in order to boost French competitiveness by allowing businesses to hire and fire at will.
By John Vassilopoulos, 13 October 2014
The vote of confidence was taken after an opinion poll put pseudo-left opposition party SYRIZA ahead of the ruling New Democracy.
By Stéphane Hugues, 25 September 2014
The meeting of French Prime Minister Valls with German Chancellor Merkel cannot hide the growing Franco-German tensions in Europe.
By Gustav Kemper, 15 September 2014
Berger’s book reveals startling facts about the redistribution of wealth from the bottom to the top of German society.
By Nick Beams, 6 September 2014
Just as in the period prior to 1914, a deepening breakdown of the global capitalist system is fuelling the drive to a new world war.
By Nick Beams, 5 September 2014
The European Central Bank has launched a new round of financial stimulus in the face of worsening economic conditions in Europe.
By Gustav Kemper, 20 August 2014
The trade unions are playing a key role in imposing more redundancies at Germany’s biggest print machine manufacturer.
By Denis Krassnin, 19 August 2014
An EU think tank has advised governments to protect the rich from the poor by suppressing social protests.
By John Farmer, 19 August 2014
The rise in self-employment is driven not by an “entrepreneurial spirit,” but the lack of full-time employment offering an adequate income and pension.
By Ludwig Weller, 12 August 2014
The German-based lighting manufacturer announced a new round of job cuts last week.
By Allison Smith and Paul Bond, 8 August 2014
Mayor Boris Johnson has previously imposed cuts to fire services, including the closure of fire stations.
By Jean Shaoul, 5 August 2014
Lloyds, in which the British Treasury has a 24 percent stake following the bank’s collapse in 2008, admitted that four of its staff had defrauded the Treasury.
By Joe Mount, 29 July 2014
Britain’s universities increasingly rely on private philanthropists for their funding.
By Paul Mitchell, 28 July 2014
Official unemployment has risen to nearly 25 percent and is above 50 percent for youth while the average monthly wage remains extremely low at about €380 (US$515).
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.