The vote was close on Tuesday 30 April as a €23 billion bailout deal scraped through the Cypriot House of Representatives in Nicosia with a two vote majority. The deal, stitched together by the “Troika” of the European Union, European Central Bank (ECB) and International Monetary Fund bureaucrats, provides €10bn in EU and IMF funds […]

By K Tait Hundreds of masked, black-clad police advancing, firing rubber bullets into the backs of fleeing protesters. In a side street, young people confronting vans of riot police behind a blazing barricade. These were the streets of Madrid as Spain’s government announced a further £8billion of cuts to education, health and welfare spending in […]

The Eurozone crisis is the main immediate threat to world economic stability and could spark another worldwide recession. Now the 6 May elections have added a new political dimension, with the victory of the Socialist Party’s Francois Hollande in France and his calls for a new growth pact. Andy Yorke explains why this is no […]

The Greek elections have demonstrated a massive popular rejection of the governing parties who support the EU-IMF austerity memorandum that has caused so much suffering to ordinary Greek people over the last two years. New Democracy (ND), which won 33.5 per cent in 2009, is in first place with 18.9 per cent, a loss of […]

Greek Prime Minister George Papandreou gives way to a coalition government as the EU leaders attempt to force through more cuts and austerity. But the Greek people are fighting back, writes Martin Suchanek

The neo-liberal drive to cut taxation on the rich and strip away public services in favour of private provision has massively reduced the ability of states to raise sufficient finance from their own capitalist and middle classes, while hugely expanding the role of capital markets and private investment in every sphere of life. So after […]