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.
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.