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Eurozone
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23 May 2012
We stand 100% with the Greek workers
In Britain, as in every country of Europe, millions of working people are following events in Greece with baited breath, inspired by the defiance of the Greek population
9 May 2012
Greece: Political earthquake sees pro-austerity parties' support collapse
Following the recent elections in Greece, which saw two out of three voters vote against pro-austerity parties and a big swing to left parties, Niall Mulholland spoke to Andros Payiatsos, from Xekinima (CWI in Greece)
Demonstrations in France against attacks on pension rights, photo Judy Beishon
9 May 2012
France: A weekend that shocked Europe
Rejection of austerity in Eurozone's second biggest economy: Sarkozy's downfall, alongside the crushing defeat of the pro-austerity parties in Greece, was a real turning point, writes Robert Bechert, Committee for a Workers' International (CWI).
1 February 2012
EU summit - no capitalist solutions to the spiralling eurozone crisis
As the capitalist politicians arrived in Brussels for the 30 January EU summit they were met with a clear and determined message from the Belgian working class - a magnificent 24 hour general strike - the first in the country for nearly 20 years - in defiance of the summit's austerity agenda...
4 January 2012
In this special new year feature, Peter Taaffe looks back at 2011, a year of crisis, struggle and revolution. This article is based on a statement prepared for the Committee for a Workers' International, the world socialist organisation to which the Socialist Party is affiliated.
7 December 2011
Eurozone crisis - capitalists have no solution
Socialist Party editorial As we go to press crisis meetings are taking place across Europe - the countdown to "save" the euro and possibly even the European Union...
100,000 demonstrate in Brussels in 2010, photo Paul Mattsson
28 November 2011
The Eurozone is at a tipping point. EU leaders are in disarray and have no clear strategy for resolving the crisis.
Fragmentation of the Eurozone could trigger another deep financial crisis and global economic downturn. Lynn Walsh, Editor, Socialism Today, monthly magazine of the Socialist Party, analyses the crisis.
Workers from European countries protest against the European Union neoliberalism and austerity cuts, photo Paul Mattsson
23 November 2011
Why Europe's capitalist leaders cannot save the floundering eurozone project
Europe in turmoil, a socialist analysis, 18 June 2005: The capitalist leaders of the European Union are incapable of resolving the ever deepening sovereign debt crisis afflicting many countries in Europe today...
16 November 2011
Berlusconi quits as debt crisis hits eurozone's third largest economy
The deepening eurozone crisis has claimed another government with the departure of Italy's prime minister Silvio Berlusconi...
9 November 2011
Greek workers must resist the dictatorship of finance capital
'National unity' government will pursue same austerity measures: Greek prime minister George Papandreou has been forced to leave office. His Pasok government will be replaced by a 'national unity' coalition government.
9 November 2011
Failed G20 summit takes eurozone nearer to the abyss
The G20 meeting of the world's most powerful government leaders on 3 and 4 November was a 'No Cannes Do' summit. The discussions were hijacked by the Greek crisis...
26 October 2011
Euro crisis - urgent need to build a socialist alternative
The leaders of the European Union (EU) are desperate for a way out of the crisis in the eurozone. Political quarrels between different capitalist politicians have caused a decision on the eurozone's next...
12 October 2011
Sovereign debt crisis, recession... No way out under capitalism
Banks continue to demand government bailouts; an ever-deepening sovereign debt crisis in Europe and the USA; mass unemployment and cuts in services on a level not seen since the 1930s; a widening gulf between rich and poor....
Photo Paul Mattsson
28 September 2011
World economy in meltdown - we won't pay for capitalist crisis
In a recent address to the Canadian parliament, David Cameron bluntly said: "Growth in Europe is stalled. Growth in America has stalled. The effects of the Japanese earthquake, high oil and food prices have created a drag on growth. We're not quite staring down the barrel, but the pattern is clear".
31 August 2011
New phase in the great recession
Capitalist strategists are filled with gloom at the prospect of a new economic downturn. Fear of recession in the US, its credit rating downgrade and political dysfunction, not to mention the ongoing eurozone. Lynn Walsh reports.
17 August 2011
World economy: Capitalists unable to stop the turmoil
Capitalists unable to stop the turmoil: As their system continues to slide further into its worst crisis since the 1930s, the frantic efforts of world capitalist leaders to reverse the process are farcical, contradictory and ineffective, writes Clare Doyle
Xekinhma, Greek section of CWI
3 August 2011
Eurozone and USA - Debt crisis
The price of capitalist failure: Governments in Europe and the US are making working class people pay for the crisis caused by the bankers and the capitalist system.
The Greek bailout, welcomed by the European ruling classes, will do nothing for the Greek masses
Xekinhma, Greek section of CWI, photo Stephan Kimmerle
22 June 2011
Greece's debt crisis threatens worldwide banking system
Workers resist Pasok's savage cuts and privatisation programme: Greece's deepening sovereign debt crisis is threatening to destroy the eurozone and trigger a worldwide banking collapse, according to the International Monetary Fund...
18 May 2011
Crisis deepens in the eurozone
What we think The eurozone faces its deepest crisis since the euro was launched in 1999. Failure to resolve the sharpening Greek debt emergency would have a devastating effect on the European and world economies.
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