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Greece
Syriza-led government announces anti-austerity policies

30/01/2015: Markets and EU leaders react against Athens

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’Defenders of democracy’ mourn despot’s death

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Greece
Why did Syriza and the KKE fail to reach agreement?

29/01/2015: For socialist policies to end austerity nightmare!

  Greece

Greece
Syriza victory shows austerity elite can be beaten

29/01/2015: An inspiration for workers and youth across Europe

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Greece
Syriza comes to power, as old ruling parties collapse

27/01/2015: Left parties fail to form government - Syriza goes into coalition with populist right Independent Greeks

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Slowest growth rate since 1990

25/01/2015: Economy decelerated 30 percent in five years

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Diplomatic relations with US restored, embargo eased

24/01/2015: Threat of capitalist restoration accelerates

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Northern Ireland
Water service workers win important victory

23/01/2015: A victory for all workers and an inspiration to resist the ‘race to the bottom’

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Mobilise now to defend our demands

22/01/2015: Article first published in the Colombo Telegraph

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Kshama Sawant gives socialist response to Obama’s "State of the Union" address

21/01/2015: "Why can’t Barack Obama say “Black Lives Matter”?"

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Facing a turbulent 2015

21/01/2015: As death toll rises, economies plunge into freefall

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Greece
Prospect of Syriza victory raises workers’ hopes

20/01/2015: Mass intervention of working class to struggle for socialist policies is vital

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Nigeria
The Massacre in Baga

19/01/2015: Socialism or Barbarism

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Review
‘Eleanor Marx - a life’

17/01/2015: Clare Doyle reviews ’Eleanor Marx - A Life’ by Rachel Holmes

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 Video
Joe Higgins questions Irish Central Bank governor

16/01/2015: Socialist MP grills establishment over banking bubble and collapse

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Nigeria
2015 general elections and the working masses

16/01/2015: Boko Haram and the war in the north-east

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  Video
Ruth Coppinger calls for referendum on abortion rights in Ireland

15/01/2015: "You march in Paris, yet uphold laws any religious fundamentalist would envy"

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 Video
A year of struggle in Brazil

14/01/2015: LSR members intervene in struggles of 2014

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New but uncertain period opens up

14/01/2015: President Sirisena aims for clean government but will face difficulties

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Iran
Labour and children’s rights activist, Behnam Ebrahimzadeh, sentenced to another nine years

13/01/2015: International action needed to overturn latest conviction and to immediately release Behnam

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Germany
What is behind the ‘PEGIDA’ anti-immigrant demonstrations?

13/01/2015: Unions and Left must organise against racism and for jobs and decent living standards for all

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France
Millions march for solidarity

12/01/2015: Unity against racism and capitalism!

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New Zealand
Extreme poverty worsens

12/01/2015: Workers need to build political alternative to major parties’ big business agenda

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France
Counter terrorist threat with workers-led mass unity

10/01/2015: The shocking, cold blooded slaughter at Charlie Hebdo, and more killings in subsequent days, has been met with mass outrage

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Norway
General strike called for 28 January

10/01/2015: Two-hour protest against worsening working conditions

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Sri Lanka
Rajapaksa defeated

09/01/2015: Period of uncertainty opens

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Sweden
New elections cancelled

09/01/2015: “Peace deal” between government and right-wing opposition

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Greece
Towards a Syriza government?

08/01/2015: General elections on 25 January

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France
Deadly attack on satirical paper Charlie Hebdo

08/01/2015: Defend freedom of speech! Don’t let us be divided!

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Hong Kong
Politics transformed by ‘Umbrella Revolution’

07/01/2015: A fighting democratic movement must be created to continue and build upon this historic “first round”

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Israel-Palestine
A successful Socialism conference in the shadow of national divide

06/01/2015: Over 150 people participated in the ‘Socialism Conference 2014’ in Tel Aviv, organised by the Socialist Struggle Movement (SSM - CWI in Israel-Palestine)

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Northern Ireland
The Stormont House Agreement

05/01/2015: Agreeing Not To Agree, Again

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Market forces hold back renewable energy

01/01/2015: Have capitalist governments around the world finally woken up to the danger of global warming?

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New Year
Political and economic ingredients for volatile 2015

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Britain
In defence of TUSC

30/12/2014: As the Trade Unionist and Socialist Coalition gears up for its biggest ever electoral stand…

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Euro crisis

The latest temporary fix

www.socialistworld.net, 19/09/2012
website of the committee for a workers' international, CWI

The problems of the eurozone, rooted in the clash of national interests and the rivalries of capitalist leaders, remain as intractable as ever.

Lynn Walsh, editor of Socialism Today (magazine of the Socialist Party (CWI England & Wales)

Mario Draghi’s announcement that the European Central Bank will embark on the unlimited buying of eurozone bonds to support debtor governments like Spain and Italy aroused a new wave of europhoria. There was also relief that Germany’s constitutional court rejected a move to block Germany’s participation in the European Stability Mechanism, the permanent bailout fund. In reality, however, the ECB’s intervention is another temporary fix that will, at best, buy some more time. The problems of the eurozone, rooted in the clash of national interests and the rivalries of capitalist leaders, remain as intractable as ever. Strikes in Greece with preparations for a 24-hour general strike on 24 September and massive demonstrations in Portugal and Spain (15 September), are some of the signs of a stormy autumn. LYNN WALSH reports.

MARIO DRAGHI HAS been hailed by eurozone leaders as ‘Super-Mario’, saviour of the eurozone. At the end of July, he promised that the ECB would “do whatever it takes to preserve the euro as a stable currency”. This implied that it would buy the bonds of floundering governments, particularly Spain and Italy, in order to reduce their borrowing costs. Spanish and Italian bonds had risen above 7%, to levels considered ‘unsustainable’. The high interest rates reflect a premium to cover ‘convertibility risk’, financial jargon for exit from the euro.

This article was first published in Socialism Today, no 162

It has taken Draghi several months to work out a package and overcome internal opposition within the ECB, particularly from the German representative, and win the support of chancellor Angela Merkel, who fears an electoral backlash within Germany. In the event, Draghi’s measures were approved by the ECB board with only Jens Weidmann, head of the Bundesbank, in opposition.

According to Draghi, the ECB is now committed to give “unlimited support” to governments like Spain and Italy which are finding it very difficult to raise loans on financial markets, except at punitive interest rates. In reality, however, the new measures are quite limited. The ECB will buy Spanish and Italian bonds on the secondary bond market (it is prohibited by its constitution from buying bonds directly from eurozone governments). Moreover, the ECB will buy only short-term bonds with maturities of three years or less. This means that governments will be on a short rein.

An even more onerous restriction is the ECB’s insistence that it will extend support only if the governments concerned apply for assistance to the troika – the ECB, European Commission and International Monetary Fund – which means that they will be subjected to inspection and bail-out conditions imposed by the troika.

The conditions will be “strict and effective”, according to Draghi. This may prove politically difficult for the governments concerned. In Spain, prime minister Mariano Rajoy previously gained support from the European Financial Stability Facility (EFSF) to stabilise Spanish banks, without accepting strict conditions (though this latitude is being challenged by some eurozone governments). At the moment, he is avoiding any suggestion that his government will apply to the European Stability Mechanism (ESM), designed to take over from the EFSF and now approved by the German constitutional court, for support on that basis.

Strict conditions will inevitably mean further austerity packages. Spain and Italy are already in recession (the whole eurozone is stagnant) and further austerity measures could push some of these economies into another deep slump – which would result in a slump in government revenues and an increase in deficits (despite spending cuts).

Protest in Spain, 15 September 2012

Draghi’s promise of ‘unlimited support’ for vulnerable governments rapidly resulted in a decline in bond rates. Spanish ten-year bonds, for instance, dropped from 7.6% to 5.7% (still much higher than the 1.5% that Germany pays on ten-year bonds). However, the ECB package is far from being a permanent solution. It is yet another temporary eurozone fix. The Financial Times describes the move as “an audacious gamble”, with no guarantee of success.

Draghi’s measures will operate in conjunction with the new permanent rescue agency, the ESM, which will have €500bn capital. (Most of the EFSF funds have been already used to bail out Greece, Portugal and Ireland, and to fund the recapitalisation of Spanish banks – it has only around €120bn left.) It will still be difficult, if not impossible, for the ECB to act as a ‘lender of last resort’, a fully-blown central bank comparable with the US Federal Reserve or the Bank of England. The ECB cannot assist to governments through buying their bonds directly. At the same time, the ESM will almost certainly be barred by the objections of the German constitutional court from borrowing money on the basis of its capital in order to support eurozone governments. Any ESM bail-out packages will, as with the EFSF, have to come from its own funds and be dispersed on the basis of more and more austerity.

German court ruling

GERMANY’S CONSTITUTIONAL court rejected (12 September) an application for an injunction to prevent the German government ratifying the ESM. This legal move was supported by around 37,000 petitioners and, according to opinion polls, backed by 53% of Germans. A legal veto on Germany’s support for the ESM would have detonated a major crisis for the eurozone, in spite of the recent moves by the ECB.

Judges of the German constitutional court

The constitutional court, however, made a very conditional ruling. It limits Germany’s participation in the ESM to the current €190bn (approximately a third share of the funding). The government is barred from making any further contributions without the support of both houses of parliament. The fine print of the ruling, moreover, raises questions about the future role of the ESM. It questions whether it would be constitutional for the German government to support the ESM raising loans on the basis of its €500bn capital in order to buy bonds directly from eurozone governments. The court warns against the German government undertaking any open-ended commitment to support debtor countries.

These legal caveats show that Merkel’s victory on this point is yet another temporary fix. The court refused a temporary injunction but will be considering the full case in the coming months. While it seems unlikely that it will completely veto the ESM, the constitutional court, on the basis of its interpretation of Germany’s basic law, may impose further restrictions – which could severely limit the role of the ESM. Many of the eurozone leaders, as well as sections of big business, are hoping that the ESM can, at least partially, play the role of a ‘lender of last resort’ – supplying capital to shaky governments on the basis of the mutualisation of their debts.

This idea, however, is bitterly opposed by some sections of Merkel’s own party, as well as by the right-wing, business press. They see it as an unwanted burden on German capitalism, and potentially a slippery slope to hyper-inflation. Faced with this opposition, Merkel has to move very cautiously, approving just enough intervention to avoid a collapse of the eurozone, but never acting decisively enough to resolve the fundamental problems. George Soros, a strong supporter of the euro, recently challenged Merkel: “lead” (that is, underwrite the fiscal integration of the eurozone), or “leave” (and let the others proceed). A German exit, however, would mean the end, or at least the beginning of the end, of the euro.

Convergence or divergence?

THE DEVELOPMENT OF the euro was intended to accelerate the convergence of the states making up the European Union, with a single market and a borderless financial system. Instead, the euro has become a vehicle of crisis, bringing divergence and disintegration rather than convergence.

When the euro was introduced, borrowing costs for eurozone members were more or less equalised. In 2009, the Greek government had to pay only about two percentage points more than the German government. The difference is now over 20 percentage points. Low-cost borrowing was at the root of many of the current problems. Cheap credit was used to fuel property booms in countries like Spain and Ireland, and in Greece allowed for a massive increase in public expenditure while the corrupt tax system failed to produce sufficient revenue to cover spending. This opened up a massive divergence between creditor countries (dominated by Germany, the most powerful eurozone state) and debtor countries.

During the boom before 2007-08, the banks were the most globalised sector of capitalism. Now they have retrenched behind national borders. For instance, there has been a sharp fall in cross-border lending in the interbank market (from 60% to 40% of total lending). This has created a severe credit squeeze which, in addition to austerity measures, is pushing most of the eurozone economies into recession.

Private capital flows have been replaced by cash from the ECB in one form or another. For instance, banks in Greece and other countries have been forced to go to their national central banks under the Emergency Liquidity Assistance (ELA) programme. Many are buying their government’s bonds to keep them afloat. Under the ELA, the national central banks are able to go to the ECB for loans. This is, in fact, a backdoor way of the ECB financing government borrowing. It is estimated that the Spanish banks have benefitted from €400bn loans from the ECB, while Italy has €360bn. The overall net flow of private and public funds from Germany to other eurozone countries, mainly in the south, is around €700bn.

Instead of speeding up unification of the eurozone, the actual operation of the euro has increased financial fragmentation, widened social and economic differences, and stimulated growing opposition to the EU and the eurozone. Merkel and other leaders of the creditor countries have stridently opposed the idea of massive financial transfers to the weaker, ‘peripheral’ countries. Yet transfers have actually taken place on a massive scale. Lombard Street Research estimates that cash supports for the budgets of Spain, Greece, Portugal and Italy will amount to at least €1.25 trillion during 2012-15, and could even be as high as €2.4 trillion.

In public, eurozone leaders proclaim that the EU will continue marching towards ‘ever closer union’. The euro is ‘irreversible’, and they will go to the end to defend it. But the continued economic crisis is fuelling popular opposition, inflaming nationalistic trends and strengthening separatist movements, as in Catalonia, for instance.

Barcelona, 11 September 2012

In June, at the EU summit meeting, eurozone leaders raised grandiose plans for advance towards greater unity (while, as usual, making very limited progress on the current crisis). However, moves towards greater unity, especially the establishment of a fiscal union which would have decisive control over the budgets of member governments, would require protracted negotiations, and approval by the majority of EU/eurozone governments. In some countries, it would require referendums to approve new treaties. Given the clash of national interests and the massive public opposition to further integration, this is a utopian project.

Immediately following Draghi’s announcement that the ECB was ready to buy ‘unlimited’ eurozone government bonds and the German constitutional court ruling, the EU Commission president, José Manuel Barroso, called for the EU to evolve into a “federation of nation states”. The problem of ‘sharing sovereignty’ between the national states, however, was highlighted by the reaction to Barroso’s announcement of plans for an EU banking union. This would mean the ECB assuming supervisory and regulatory powers over Europe’s 6,000 banks. Merkel responded by saying that Germany supports supervision only over major banks and would not accept the inclusion of small and medium banks. The British government, on the other hand, calls for all banks great and small to be included, but only those in the eurozone!

Spain’s deepening crisis

THE ECB’S OFFER of support poses a dilemma for Rajoy in Spain. The ECB will only support Spanish government bonds if the government applies for a rescue package – which would mean strict conditions, inspections by the troika or the IMF alone, and new austerity measures.

Since the landslide victory of the Popular Party, the government’s popularity has slumped. There has been a continuous wave of mass demonstrations and strikes against Rajoy’s €65bn package of cuts and new taxes. Moreover, Rajoy faces ever rising demands for increased autonomy from Spain’s semi-autonomous regions, particularly Catalonia. At the same time, they are demanding additional rescue packages from the central government (between €10-18bn). The strongest demand comes from Catalonia: there was a massive demonstration of up to two million on 11 September demanding ‘fiscal sovereignty’ as a step towards independence. The Catalan nationalist leaders want to form a new state within the EU, but the movement for separation will undoubtedly provoke a crisis for the Spanish ruling class.

Rajoy faces regional elections in Galicia and the Basque country, and may try to postpone any decision on ECB funding until after they are over. Meanwhile, the economy is sliding deeper into recession, with unemployment above 25%. In the first half of this year around €220bn flowed out of Spain’s banks, equivalent of about a fifth of GDP. Even with support for the banks from the EFSF funds (up to €100bn) the Spanish government may face a funding crisis in the next few months.

In fact, while support was agreed in principle, several eurozone governments (including Germany) are now raising objections. This support, they say, has to be part of the establishment of an EU banking union – but there is already a conflict over this. As so often in the eurozone, lifeboats launched with a fanfare of trumpets run aground even before they can leave the harbour.

In Portugal, meanwhile, hundreds of thousands of demonstrators took to the streets (15 September) in the country’s biggest ever anti-austerity protest. This upsurge of activity was triggered by a move to increase workers’ social security contributions – while cutting the bosses’ by the same amount.

Hundreds of thousands took to the streets in Portugal, 15 September 2012

Preparing for a Greek exit

MERKEL HAS RECENTLY launched a ‘charm offensive’ in an effort to repair relations with Greece, sending one of her junior ministers, Hans-Joachim Fuchtel, as an emissary. His message was that the German government empathised with the plight of the Greek people. Moreover, the Greek prime minister, Antonis Samaras, was invited to Berlin, where Merkel proclaimed that she wanted Greece to stay in the euro: “We will do what it takes to solve the problem in Greece”. At the same time, however, the parliamentary leader of Merkel’s party, the CDU, Volker Kauder, proclaimed that a Greek exit “would not be a problem for the euro” because sufficient measures were in place to prevent contagion spreading to other weak economies in the eurozone. (International Herald Tribune, 25 August) Moreover, there is no relaxation of Germany’s demand for further, savage austerity measures (currently, the troika are demanding another €13.5bn of cuts as the price for the €173bn bail-out package).

In any case, the Greek people are hardly fooled by German government propaganda. When Fuchtel landed in Greece he was confronted with posters reading: ‘Fuchtel, you’re not wanted – No subjugation’. A passer-by commented: “I don’t see how this is different from the Nazi occupation and the lackey Greek government”. (International Herald Tribune, 10 September)

While Merkel proclaims that Greece will stay in the euro, big-business leaders are not convinced. Many companies are drawing up detailed contingency plans to deal with the possible exit. “Bank of America Merrill Lynch has looked into filling trucks with cash and sending them over the Greek border so that clients can continue to pay local employees and suppliers in the event that money is unobtainable”. (Nelson Schwartz, Planning For Greece’s Euro Exit, Just In Case, International Herald Tribune, 4 September) Some companies have reprogrammed their computers so that they will be ready to handle a new Greek currency. JP Morgan Chase “has already created new accounts for a handful of corporate giants that are reserved for a new drachma in Greece, or whatever currency might succeed the euro in other countries”.

Transnational companies and their advisers are trying to work out what to do in the event of a prolonged bank holiday (during which the banks could be shut for some time) and in the event of capital controls which limited the movement of cash in and out of the country. An executive of Bank of America Merrill Lynch said: “Now… contingency planning is focussed on three primary scenarios – a single-country exit, a multi-country exit and a breakup of the eurozone in its entirety”. The same article also reports that central banks, as well as the German finance ministry, have been planning for the possibility of a Greek exit, but under conditions of complete secrecy.

Even without further general strikes, mass demonstrations and other forms of mass protest, the troika’s neo-liberal programme for Greece would not work. Austerity measures have already provoked a deep slump in the economy, and yet more savage measures will accelerate the disintegration of Greek society. The level of debt repayment being forced on the country will prove unsustainable. In reality, the resistance of the Greek working class will continue. While the coalition government’s leaders were drawing up yet another (€11.5bn) cuts package (11 September), there was a public-sector strike involving teachers, hospital doctors, and local government workers, and there are plans for a 24-hour general strike on 24 September.

A Greek exit is inevitable, only the timing is in doubt. Moreover, although accounting for only about 2% of eurozone GDP, the departure of Greece would almost certainly trigger a wider fragmentation of the eurozone. The financier George Soros recognises that the eurozone crisis is endangering the EU (and, we can say, the whole world economy): “If [the euro] falls apart, Europe will be worse off than before it started”. (Financial Times, 10 September)



Europe

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US: Kshama Sawant gives socialist response to Obama’s "State of the Union" address, 21/01/2015

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NEWS

Greece: Syriza-led government announces anti-austerity policies
30/01/2015, Niall Mulholland, CWI:
Markets and EU leaders react against Athens

Saudi Arabia: ’Defenders of democracy’ mourn despot’s death
30/01/2015, Simon Carter, Socialist Party (CWI in England & Wales):
Atrocious human rights records no concern for Western powers

Greece: Syriza victory shows austerity elite can be beaten
29/01/2015, Editorial of The Socialist, newspaper of the Socialist Party (CWI England & Wales):
An inspiration for workers and youth across Europe

China: Slowest growth rate since 1990
25/01/2015, chinaworker.info reporters:
Economy decelerated 30 percent in five years

Northern Ireland: Water service workers win important victory
23/01/2015, Donal O’Cofaigh, Socialist Party, Fermanagh:
A victory for all workers and an inspiration to resist the ‘race to the bottom’

Sri Lanka: Mobilise now to defend our demands
22/01/2015, Tu Senan, International Coordinator of the Tamil Solidarity campaign:
Article first published in the Colombo Telegraph

US: Kshama Sawant gives socialist response to Obama’s "State of the Union" address
21/01/2015, Socialistworld.net, via socialistalternative.org:
"Why can’t Barack Obama say “Black Lives Matter”?"

Review: ‘Eleanor Marx - a life’
17/01/2015, Clare Doyle, CWI. Article published in the Socialist, paper of the Socialist Party (CWI in England & Wales):
Clare Doyle reviews ’Eleanor Marx - A Life’ by Rachel Holmes

Video: Joe Higgins questions Irish Central Bank governor
16/01/2015, socialistworld.net:
Socialist MP grills establishment over banking bubble and collapse

Nigeria: 2015 general elections and the working masses
16/01/2015, Aj. Dagga Tolar and Kola Ibrahim, DSM (CWI in Nigeria):
Boko Haram and the war in the north-east

Video: Ruth Coppinger calls for referendum on abortion rights in Ireland
15/01/2015, socialistworld.net:
"You march in Paris, yet uphold laws any religious fundamentalist would envy"

Video: A year of struggle in Brazil
14/01/2015, socialistworld.net:
LSR members intervene in struggles of 2014

Sri Lanka: New but uncertain period opens up
14/01/2015, Clare Doyle, CWI:
President Sirisena aims for clean government but will face difficulties

Iran: Labour and children’s rights activist, Behnam Ebrahimzadeh, sentenced to another nine years
13/01/2015, Campaign in Support Workers of Iran:
International action needed to overturn latest conviction and to immediately release Behnam

France: Millions march for solidarity
12/01/2015, Gauche Revolutionnaire (CWI in France):
Unity against racism and capitalism!

New Zealand: Extreme poverty worsens
12/01/2015, CWI Reporters, NZ/Aotearoa:
Workers need to build political alternative to major parties’ big business agenda

France: Counter terrorist threat with workers-led mass unity
10/01/2015, Socialist Party (CWI in England & Wales) website editorial:
The shocking, cold blooded slaughter at Charlie Hebdo, and more killings in subsequent days, has been met with mass outrage

Norway: General strike called for 28 January
10/01/2015, Trond Sverre and Elise Kollveit (CWI, Oslo):
Two-hour protest against worsening working conditions

Sri Lanka: Rajapaksa defeated
09/01/2015, TU Senan, CWI:
Period of uncertainty opens

Sweden: New elections cancelled
09/01/2015, Questions answered by Rättvisepartiet Socialisterna (CWI in Sweden):
“Peace deal” between government and right-wing opposition

France: Deadly attack on satirical paper Charlie Hebdo
08/01/2015, Gauche Revolutionnaire (CWI in France):
Defend freedom of speech! Don’t let us be divided!

Hong Kong: Politics transformed by ‘Umbrella Revolution’
07/01/2015, Editorial from Socialist magazine《社會主義者, of CWI in China and Hong Kong:
A fighting democratic movement must be created to continue and build upon this historic “first round”

Israel-Palestine: A successful Socialism conference in the shadow of national divide
06/01/2015, Or Dar, Socialist Struggle Movement, CWI in Israel-Palestine:
Over 150 people participated in the ‘Socialism Conference 2014’ in Tel Aviv, organised by the Socialist Struggle Movement (SSM - CWI in Israel-Palestine)

Environment: Market forces hold back renewable energy
01/01/2015, Pete Dickinson, Socialist Party (CWI in England & Wales):
Have capitalist governments around the world finally woken up to the danger of global warming?

Britain: In defence of TUSC
30/12/2014, Clive Heemskerk, from Socialism Today, magazine of the Socialist Party (CWI in England & Wales):
As the Trade Unionist and Socialist Coalition gears up for its biggest ever electoral stand…

CWI: National Question a key feature of political crisis of capitalism
28/12/2014, Matt Dobson, Socialist Party Scotland (CWI Scotland):
A socialist solution to national oppression

CWI Comment and Analysis

ANALYSIS

Greece: Why did Syriza and the KKE fail to reach agreement?
29/01/2015, Article from Xekhinima (CWI Greece) website [dated 26 January 2015] translated and slightly edited:
For socialist policies to end austerity nightmare!

Greece: Syriza comes to power, as old ruling parties collapse
27/01/2015, Niall Mulholland, socialistworld.net, interviews Andros Payiatsos, from Xekinima (CWI Greece):
Left parties fail to form government - Syriza goes into coalition with populist right Independent Greeks

Cuba: Diplomatic relations with US restored, embargo eased
24/01/2015, Tony Saunois, CWI:
Threat of capitalist restoration accelerates

Russia/Ukraine: Facing a turbulent 2015
21/01/2015, Rob Jones, CWI, Moscow:
As death toll rises, economies plunge into freefall

Greece: Prospect of Syriza victory raises workers’ hopes
20/01/2015, Interview with Andros Payiatsos, from Xekinima (CWI in Greece):
Mass intervention of working class to struggle for socialist policies is vital

Nigeria: The Massacre in Baga
19/01/2015, H.T Soweto, DSM (CWI in Nigeria):
Socialism or Barbarism

Germany: What is behind the ‘PEGIDA’ anti-immigrant demonstrations?
13/01/2015, Wolfram Klein, Socialist Alternative (SAV- CWI Germany):
Unions and Left must organise against racism and for jobs and decent living standards for all

Greece: Towards a Syriza government?
08/01/2015, Interview with Andros Payiatsos, Xekinima (CWI in Greece):
General elections on 25 January

Northern Ireland: The Stormont House Agreement
05/01/2015, Michael Cleary, Socialist Party (CWI in Ireland):
Agreeing Not To Agree, Again

New Year: Political and economic ingredients for volatile 2015
31/12/2014, Peter Taaffe, General Secretary Socialist Party (CWI England & Wales):
As crisis of capitalism worsens, vital to organise and continue the struggle

Latin America: The end of one cycle and the beginning of another
17/12/2014, socialistworld.net:
Document on Latin America, agreed by CWI International Executive Committee

World Perspectives: A turbulent period in history
15/12/2014, CWI International Executive Committee:
Signs of revival of class struggle signposts the future

Sri Lanka: Presidential Election January 8, 2015
11/12/2014, Interview with Siritunga Jayasuriya, USP (CWI Sri Lanka):
Socialist candidate challenges all other forces

Australia: Major community victory stops Melbourne’s East-West Toll Road
08/12/2014, By Socialist Party (CWI Australia) reporters, Melbourne:
Socialist Party leads successful campaign against Toll Road and for investment in public transport

World Perspectives: A turbulent period in history
27/11/2014, International Secretariat of the CWI :
Signs of revival of class struggle signposts the future

Ireland: Lies and distortions against community protests, the AAA and the Socialist Party
21/11/2014, Socialist Party (CWI in Ireland) reporters:
Government and Water Charges completely undermined

Israel-Palestine: Netanyahu threatens “heavy hand” response to synagogue attacks
19/11/2014, Yasha Marmer, Socialist Struggle Movement (SSM):
New rounds of repression answered by new wave of rage and protest

Ukraine: Competing ’elections’ deepen divisions
15/11/2014, Rob Jones, CWI Moscow:
Working people need socialist alternative to warring oligarchs and outside powers

Northern Ireland: 20 years after the ceasefires
10/11/2014, Ciaran Mulholland, Socialist Party (CWI in Ireland):
In 1994, the IRA and Loyalist paramilitaries called ceasefires. Four years later the Good Friday agreement was declared to mark the end of the ‘Troubles’…

Germany: 25 years since November 9
09/11/2014, By Robert Bechert, CWI, who was living in Berlin in 1989:
Berlin Wall brought down by mass revolutionary movement

Elections in Brazil
07/11/2014, Andre Ferrari, LSR (CWI in Brazil):
Narrow win for Dilma sets scene for more crisis and instability

Russia’s 1917 socialist revolution
07/11/2014, Clare Doyle, CWI:
November 7th anniversary of workers taking power

Ireland: Stunning Dublin by-election victory, huge water protests…new chapter for working class resistance
04/11/2014, Kevin McLoughlin, Socialist Party (CWI Ireland):
How the Anti Austerity Alliance won a parliamentary seat and the way forward for the Left

Kurdistan: Battle for Kobanê at a crossroads
31/10/2014, Serge Jordan, CWI:
What does US military ‘assistance’ mean for the Kurdish struggle?

A ‘third industrial revolution’
28/10/2014, Peter Taaffe, general secretary of the Socialist Party (CWI England & Wales):
New technological innovations are having a huge impact on the capitalist system, a subject explored in a new book, The Zero Marginal Cost Society.