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02.10.2013 After the government shutdown, more than 800,000 federal workers are immediately furloughed and over a million more will work without pay. Offices that provide important social services and National Parks and museums will be closed. Depending on its duration, the shutdown could cost billions to the US economy.
28.03.2013 Chancellor Angela Merkel, together with the IMF and the European Central Bank, has succeeded, under extreme circumstances, in imposing draconian and humiliating economic conditions on Cyprus.
24.03.2013 The decision of the European Union (EU) and the Cypriot government to confiscate part of the deposits of small savers indicates a stepping up by the creditor countries to avoid, at all costs, the devaluation of the mountain of debt...
27.02.2013 Doctors, teachers, firefighters, workers from the private sector, unemployed workers, and students, yelling “Against the coup d’état by the markets, we owe nothing, we’re not paying,” demonstrated in more that 80 Spanish cities, with the support of more than 300 organizations.
22.02.2013 Last Saturday, February 16, the PAH (“Platform of those affected by mortgages”) organized demonstrations throughout Spain, against the calamity of the evictions and for the right to housing.
13.11.2012 The November 14 General Strike in Spain is converging with a day of struggle in Europe, general strikes also in Portugal, Cyprus, Malta, possibly in Greece, a four-hour strike in Italy and mobilizations in the rest of the countries, against the austerity policies and the capitalist crisis.
27.09.2012 The first teachers’ strike in 25 years in the city of Chicago began on September 10. More than 25,000 female and male teachers and school personnel went out to the street and maintained the strike for 9 days...
17.06.2012 The May 6 elections showed that the great majority of the Greek people are repudiating the brutal adjustment from the "Troika" (the European Union [EU], the IMF and the European Central Bank)...
09.06.2012 20,000 people came to Germany's financial capital, Frankfurt, on May 19, to participate in a mass march against the European Central Bank (ECB) and the austerity policy that the ECB is imposing throughout Europe.
24.05.2012 The Nobel Laureate in Economics and New York Times columnist Paul Krugman predicted the “Greek euro exit, very possibly next month.” If this prediction comes true, both Krugman and the publications Financial Times and Der Spiegel maintain that the panic would spread to the rest of the eurozone...
30.04.2012 The Spanish bourgeoisie, whether through the Partido Popular (PP) central government or the regional governments, has entered into an "unrestrained spiral," by cutting absolutely everything.
30.03.2012 This March 11, big mobilizations took place in 60 cities of the entire Spanish state. Called by the big unions UGT and CCOO [Comisiones Obreras], they brought together hundreds of thousands of people...
06.12.2011 This Wednesday, some 2 million public-sector workers joined a 24-hour strike while they were leading a "Day of Action" in the streets, in defense of their pensions, against the planned reforms of the Conservative-Liberal Democratic coalition headed by Prime Minister David Cameron.
10.09.2011 After the risk rating agency S&P demoted the US public debt and amidst the continued free fall of all the world's stock exchanges, the neo-Keynesians Joseph Stiglitz and Paul Krugman, began a crusade, maintaining that the problem is not fundamentally in economics, but in "economic notions" and in the "far right."
08.08.2011 With the combination of the European and US crises and the grotesque background of negotiation "in extremis" [in extreme circumstances], the world economy is going through an unprecedented situation, from the historical point of view.
26.07.2011 Last Wednesday, June 29, the Greek parliament approved the five-year package of cuts and tax increases, a condition that the European Union (EU) and the International Monetary Fund (IMF) had demanded, in order to release the installment of 12 billion euros...
03.07.2011 Last weekend, in Zengcheng district in Guangzhou, an industrial city of Guangdong province, thousands of migrant workers hit the streets, burning cop cars and confronting the anti-riot police.
06.10.2010 A general strike, picket lines, and mass marches
The working class has said "Enough!". It has shown its strength and is opening the possibility that the situation will make a turn, and we workers will begin to strengthen our ability to struggle against the historic attacks that are being prepared. The day was marked by hundreds of conflicts, that as a whole constitute a step forward in this sense. In this first article we cannot describe all of those struggles, but we can describe those we participated in.
11.09.2010 We would like to express our solidarity with the struggles of the workers and youth in Greece and demand the dropping of all charges against Vassilis Gutas and G.K. End the persecution of the workers and activists of Banquet!
08.07.2010 The one-day strike on June 24 against Sarkozy's pension reform had big repercussions. Although it was not as big as last year's day-long strikes, it was the biggest strike since September, with around 2 million demonstrators in the streets, according to the unions.
03.07.2010 Both the strike and the resistance by the Fiat workers in Naples, show that there exists a willingness to confront the austerity plans they want to impose, but at the same time it shows the impotent politics of the CGIL leadership.
03.07.2010 On June 21, in Bangladesh, more than 50,000 working men and women mobilized on the outskirts of Dhaka, the capital. This mobilization, which blocked one of the main highways that connect the capital to the northern part of the country, was the culmination of two weeks of protests, strikes and street actions in the main industrial districts.
17.06.2010 On June 8 the first big protest against the austerity measures announced by Zapatero took place. Two and a half million public workers were called to a strike to protest against the 5% cut in their wages, against the freezing of pensions and the elimination of social benefits. This is the beginning of a long struggle to defeat the government of the PSOE [Socialist Party] and the rest of the bosses' parties that are betting on carrying out an historic austerity plan on our shoulders.
27.05.2010 The occupation of the TV channel scarcely lasted for a few hours, but it reminded us of the media occupied by the Mexican people of Oaxaca during the long months of 2006. The Greek teachers took the floor decisively, and they made themselves heard.
21.05.2010 The ‘mega-bailout’ permits gaining time relative to the imminent dangers that were opening about the euro, and, at the same time, about the sustainability of several of the biggest European banks, especially of France and Germany. However, still does not resolve the fundamental contradictions of the euro zone, which has exposed the biggest crisis of capitalism since the decade of the 1930s.
From Greece: Interview with Stavros S., OKDE militant
17.05.2010 Today’s general strike is very huge. Some estimate that today [i.e. 5/5/10] there were about 300,000, and even 500,000 people on the streets. I think this is the most massive working class mobilisation in the last 35 years...
10.05.2010 On Wednesday, May 5, the Greek workers led the third general strike this year, while the Giorgos Papandreou government is preparing to approve the austerity plan. La Verdad Obrera interviewed Stavros, a militant of the Greek Trotskyist organization OKDE (Organization of Internationalist Communists of Greece), that is participating in the process of mobilizations against the austerity plan.
10.05.2010 What is really in question is not the health of the Greek economy, but the viability of the euro, and, even more, the risk that the European crisis will spread over the weak "recovery" of the world economy.
13.02.2010 Offices, schools, universities, and public hospitals were brought to a standstill by a general strike on February 10. This strike, called by the main public-sector workers' union ADEDI, confronts the austerity package of the government of the "socialist" Giorgios Papandreou.
06.03.2009 In only a few months, the financial crisis which began with the collapse of the real estate boom and the U.S. credit crunch has become one of the worst crises of the capitalist economy since the 1929 Wall Street crash and the subsequent Great Depression of the 1930s.
12.02.2009 In the heat of the brutal economic crisis that destroyed another 598,000 jobs in January 2009, the enthusiasm between Obama's election and his inauguration and his first days of governing has rapidly dissipated.
08.12.2008 The generous rescue of Citigroup by Obama's recently appointed Secretary of Treasure, Geithner, demonstrates that despite the new president's demagogy of change, it's in the interest of the financial aristocrat's that pave the political path of the United States...