By Ulrich Rippert, December 21, 2012
In an interview last weekend with the Financial Times, the German chancellor declares that the European welfare state cannot be sustained.
By Christoph Dreier, December 21, 2012
Workers are vehemently opposed to the implementation of the most recent cuts package, in particular the massive layoffs planned for the public sector.
By Jordan Shilton, December 17, 2012
The United Left Alliance’s “alternative budget” for Ireland makes clear that the pseudo-left is lining up to defend capitalism against growing opposition within the working class.
By Robert Stevens, December 17, 2012
Labour has utilised the coalition government’s recent budget to assure big business it is prepared to enforce attacks on the poor.
By Robert Stevens, December 15, 2012
Local authority councils throughout the UK are planning more than a billion pounds in further cuts to be imposed next year and years beyond.
By Stefan Steinberg, December 15, 2012
A two day summit of European heads of state and finance ministers ended on Friday with general agreement to extend and deepen the austerity measures which have already plunged millions of Europeans into unemployment and poverty.
By Jordan Shilton, December 11, 2012
Ireland’s sixth austerity budget in less than five years will intensify the attacks on working people.
By Nick Beams, December 11, 2012
The initial measures are widely regarded as the prelude to a full-scale bailout of the Spanish state and the establishment of a financial dictatorship of the kind now in place in Greece.
By Stefan Steinberg, December 10, 2012
Discussions between European Union finance ministers on the formation of a banking union for the euro zone broke down last Tuesday.
By Julie Hyland, December 8, 2012
Chancellor George Osborne has added a further £5 billion cuts targeting welfare to the Conservative-Liberal Democrat coalition’s austerity package of £155 billion.
By Ernst Wolf, December 8, 2012
Five austerity packages within the space of two and a half years have reduced the health system in Greece to the level of a developing country.
By Alex Lantier, December 7, 2012
On Monday night euro zone finance ministers approved a bailout requested for Spain’s banking sector.