Photo: World Economic Forum

What’s at Stake in the EU Crisis?

25th July 2011 Socialist Action 0

By Tom O’Donnell

The outcome of the latest EU summit is an unqualified success for the German bourgeoisie against both its external competition in the United States and its internal rivals, especially President Sarkozy. However, it is unlikely that this will bring an end to the European crisis and further decisive measures will be required.

Photo: endiaferon

Greek workers struggle wins first partial victory for themselves, Ireland and Portugal

25th July 2011 Socialist Action 0

By Brian Jones

The working class of Greece obviously still faces a huge uphill fight against the savage austerity measures being imposed on them to pay for the crisis created by the Greek capitalist class. The new ‘bailout’ package for Greece agreed by the Eurozone countries only represents the mildest of ameliorations of the terms of the previous such package – 21 per cent effective reduction in the size of debt on Greece’s bonds, reduction of interest rate for bailout funds from 5.5 per cent to 3.5 per cent, and extension of the period of repayment. But nevertheless it contains a crucial lesson – struggle pays.


Libya: Bombing steps up to try to break deadlock

15th July 2011 Socialist Action 0

By Andrew Williams

Despite almost four months of bombing Libya, NATO has still not succeeded in installing the regime it backs in Tripoli. Although the aerial campaign initially helped opposition forces maintain control of towns in the east of Libya, and Misrata, the capital Tripoli in the west of the country remains under Libyan government control – with NATO backed forces unable to significantly advance towards it for weeks. Whilst its lack of progress leads to some frustration and tensions within imperialism’s ranks, it remains determined to break the stalemate, so NATO has ramped up the air raids on western Libya since the beginning of July.

Murdoch: cheerleader of the neo-liberal right brought low

14th July 2011 Socialist Action 0

By Jane West

It is entirely good news to see the convulsions shaking the British end of Murdoch’s global media empire and to bid farewell to the unlamented News of the World. Murdoch has of course created a stable of publications and news channels that are cheerleaders for an extremely right-wing politics, both in the Britain and the US.