Photo: Mehran Khalili

The deepening Greek crisis – and need for debt cancellation

24th June 2012 Socialist Action 0

By Nicky Dempsey

The outcome of the Greek election means that the population will face further attacks on its living standards and that the economic crisis will be prolonged. SYRIZA, the only party that might have been able to form an anti-austerity government, came second with less than 3 per cent of the vote behind the victorious New Democracy. Given the Greek system of 50 top-up seats for the leading party and with the support of both the traditional social democrats of PASOK and from the Democratic Left (a rightist split from SYRIZA) the new government will have a large majority in Parliament. Whether it will be able to form a stable government is another matter.

Victory to SYRIZA

8th June 2012 Socialist Action 0

By Nicky Dempsey

The Greek general election of June 17 will be closely watched by all the main political forces and classes in Europe. It marks the next phase in the struggle against the offensive to cut wages, public services and the incomes of the poor in order to restore profits.

Workers and the oppressed throughout the whole of Europe and beyond have a direct interest in a victory for those parties that oppose the current offensive.

photo by: mkhalili

Step forward in Greece as voters reject austerity

12th May 2012 Socialist Action 0

By Nicky Dempsey

The outcome of the Greek elections represents a decisive popular break with the politics of austerity. Persistent mass mobilisations over several years since the crisis began have resulted in a crushing defeat for the traditionally dominant parties in Greek politics. Parties who in different ways claimed to be opposed to the terms of the Greek bailout won a majority. After a prolonged period in Europe in which ruling parties carrying out cuts have been dumped at the first electoral opportunity, this is the first time since the crisis began that any country has registered a majority vote for parties against austerity.

Photo: Christina Kekka

Solidarity with the people of Greece

14th February 2012 Socialist Action 0

The Coalition of Resistance and the People’s Charter are appealing for support for a campaign against the extreme ‘austerity’ measures being imposed on the Greek population.

The statement, set out below, should be given widespread backing and can be signed here.

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.