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Labour’s surges and purges

03/09/2015: No let-up of ’Corbynmania’ but Labour right plots

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RISE - launch of a politically unclear left alliance

02/09/2015: Clear 100% anti-austerity and socialist platform essential steps towards new mass workers’ party

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Britain
Council cuts and the Corbyn campaign

01/09/2015: Potential to resist if follow 80’s Liverpool Council example

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Kurdistan
Democratic autonomy or socialism?

29/08/2015: Articles on Öcalan’s ideas and Rojava, originally published in sozialismus.info, the quaterly magazine of SAV (German section of the CWI)

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What does “Popular Unity” stand for?

28/08/2015: New Left force launched following Tsipras’ betrayal

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27/08/2015: Whatever the outcome of the contest, Jeremy Corbyn’s campaign has already transformed the political situation in Britain

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‘Garbage protests’ shake the ruling class

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Election sees Rajapaksa fail to make a come-back

23/08/2015: Neo-liberal policies of UNP-led government will not satisfy demands of workers and poor.

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25 years since invasion of Kuwait

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Anniversary of Trotsky’s assassination

21/08/2015: Coming mass revolts will see workers and youth look to Trotsky’s ideas

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Scotland and the Jeremy Corbyn campaign

20/08/2015: The response to Corbyn’s campaign has parallels with the outpouring of class anger that was seen during the independence referendum

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Bomb in Bangkok kills 20

19/08/2015: Country plagued by military junta and economic downturn

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Past or future?

18/08/2015: Review of ‘PostCapitalism: a guide to our future’ by Paul Mason

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Greece and the latest phase of the EU crisis

18/08/2015: Alexis Tsipras and the Syriza leadership have pushed through parliament the third bailout – and further deep cuts – although only with the help of right-wing parties. However, the crises in Greece, the eurozone and wider EU are far from over…

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Britain
Corbyn challenge - a very welcome political upheaval

17/08/2015: The Labour Party’s right-wing leaders have been astonished and horrified at the over-flowing rallies for Jeremy Corbyn around the UK over the last few weeks

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Left Challenge for Largest Union’s Leadership

15/08/2015: CWI member, Patrick Mulholland, leads Left campaign for leadership of NIPSA union

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Paul Murphy and 22 activists to be charged over peaceful protest

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Will robots end capitalism?

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Devaluation of yuan jolts global markets

12/08/2015: Sudden reversal of Beijing’s exchange rate policy underlines seriousness of China’s economic woes

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Human tragedy of Calais crisis

07/08/2015: Tories have no solutions

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PYD leaders call for partnership with Bashar al-Assad’s regime

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70th anniversary of Hiroshima atomic bomb

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Building the CWI

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Britain
Jeremy Corbyn – thousands rally to anti-austerity appeal

05/08/2015: Large attendances at Corbyn rallies across country

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Kshama Sawant leads primary elections count on 50%

05/08/2015: Seattle socialist primary election success

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Greece
‘The working class showed it will return to struggle’

04/08/2015: After Syriza capitulates, taking first steps towards building a new mass Left alternative to austerity and capitalism

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World crisis continues amid horrific consequences

03/08/2015: Report of World Perspectives discussion at the 2015 CWI Summer School

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Drawing the lessons from the revolutions in North Africa

03/08/2015: Life and death struggle with the process of counter-revolution.

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US
Over 1,000 attend housing debate hosted by Socialist councillor Kshama Sawant

31/07/2015: Kshama Sawant, Seattle’s socialist councillor defending seat in primary elections on 4 August

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Social and political turmoil in Ireland

30/07/2015: Socialists play key role in rapidly changing situation

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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)



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NEWS

Britain: Labour’s surges and purges
03/09/2015, Sarah Sachs-Eldridge, from The Socialist (weekly paper of the Socialist Party – CWI, England & Wales):
No let-up of ’Corbynmania’ but Labour right plots

Scotland: RISE - launch of a politically unclear left alliance
02/09/2015, Philip Stott, Socialist Party Scotland (CWI), Dundee:
Clear 100% anti-austerity and socialist platform essential steps towards new mass workers’ party

Greece: What does “Popular Unity” stand for?
28/08/2015, Interview with Andreas Payiatsos, Xekinima (CWI in Greece), by Lucy Redler, SAV (CWI in Germany):
New Left force launched following Tsipras’ betrayal

Britain: The Corbyn insurgency
27/08/2015, Editorial of Socialism Today, magazine of the Socialist Party (CWI in England & Wales), September 2015:
Whatever the outcome of the contest, Jeremy Corbyn’s campaign has already transformed the political situation in Britain

Lebanon: ‘Garbage protests’ shake the ruling class
25/08/2015, socialistworld.net:
Interview with Tamer Mahdi, CWI member in Lebanon

World economy: China crisis triggers panic on global markets
25/08/2015, Vincent Kolo, chinaworker.info:
More than $5 trillion wiped off global stock markets in two weeks since Chinese devaluation

Sri Lanka: Election sees Rajapaksa fail to make a come-back
23/08/2015, Srinath Perera, United Socialist Party (CWI in Sri Lanka):
Neo-liberal policies of UNP-led government will not satisfy demands of workers and poor.

Gulf War: 25 years since invasion of Kuwait
22/08/2015, Niall Mulholland, CWI:
’Unfinished business’ remains today

Scotland and the Jeremy Corbyn campaign
20/08/2015, Editorial taken from the current issue of the Socialist - the paper of Socialist Party Scotland (CWI):
The response to Corbyn’s campaign has parallels with the outpouring of class anger that was seen during the independence referendum

Thailand: Bomb in Bangkok kills 20
19/08/2015, Per-Ake Westerlund, Rattvisepartiet Socialisterna (CWI in Sweden):
Country plagued by military junta and economic downturn

Greece and the latest phase of the EU crisis
18/08/2015, Tony Saunois, CWI, from September 2015 issue of Socialism Today, magazine of the Socialist Party (CWI in England & Wales):
Alexis Tsipras and the Syriza leadership have pushed through parliament the third bailout – and further deep cuts – although only with the help of right-wing parties. However, the crises in Greece, the eurozone and wider EU are far from over…

Britain: Corbyn challenge - a very welcome political upheaval
17/08/2015, Interview with Judy Beishon in the Socialist, paper of the Socialist Party (CWI in England & Wales):
The Labour Party’s right-wing leaders have been astonished and horrified at the over-flowing rallies for Jeremy Corbyn around the UK over the last few weeks

Northern Ireland: Left Challenge for Largest Union’s Leadership
15/08/2015, Socialist Party (CWI in Ireland) reporters:
CWI member, Patrick Mulholland, leads Left campaign for leadership of NIPSA union

Ireland: Paul Murphy and 22 activists to be charged over peaceful protest
14/08/2015, Socialist Party (CWI in Ireland) reporters:
Socialist MP to be charged with false imprisonment for protesting against water charges

CWI School 2015: New Left formations
13/08/2015, Matt Dobson, Socialist Party Scotland (CWI in Scotland):
Report of discussion on New Workers’ Parties, Left Populism and the ideas and programme of PODEMOS, SYRIZA

China: Devaluation of yuan jolts global markets
12/08/2015, Editorial comment by chinaworker.info:
Sudden reversal of Beijing’s exchange rate policy underlines seriousness of China’s economic woes

Malaysia: Prime Minister implicated in financial scandals
11/08/2015, Socialist Alternative (CWI in Malaysia):
Power struggle in UMNO party

France/Britain: Human tragedy of Calais crisis
07/08/2015, Sarah Sachs-Eldridge, from The Socialist (weekly paper of the Socialist Party, CWI England & Wales):
Tories have no solutions

Japan: 70th anniversary of Hiroshima atomic bomb
06/08/2015, Geoff Jones and Kate Jones, from The Socialist (newspaper of the Socialist Party – CWI England & Wales):
Can a future nuclear conflict be avoided?

CWI School: Building the CWI
06/08/2015, Socialistworld.net:
Introductory video to the plenary session on ‘Building the CWI’ shown at the 2015 CWI Summer School, featuring the work of our International across the world

Britain: Jeremy Corbyn – thousands rally to anti-austerity appeal
05/08/2015, Steve Score, Socialist Party (CWI in England & Wales):
Large attendances at Corbyn rallies across country

US: Kshama Sawant leads primary elections count on 50%
05/08/2015, Socialist Alternative reporters:
Seattle socialist primary election success

CWI School: Drawing the lessons from the revolutions in North Africa
03/08/2015, David Johnson, Socialist Party (CWI in England and Wales):
Life and death struggle with the process of counter-revolution.

US: Over 1,000 attend housing debate hosted by Socialist councillor Kshama Sawant
31/07/2015, Kshama Sawant:
Kshama Sawant, Seattle’s socialist councillor defending seat in primary elections on 4 August

CWI School: Social and political turmoil in Ireland
30/07/2015, Eddie McCabe, Socialist Party (CWI in Ireland):
Socialists play key role in rapidly changing situation

Britain: Corbyn’s Labour leadership bid shows anti-austerity message popular
29/07/2015, Editorial from The Socialist, weekly paper of the Socialist Party (CWI England & Wales):
Militant Tendency held up as bogeyman by Labour right and media - What’s the real history?

CWI Comment and Analysis

ANALYSIS

Britain: Council cuts and the Corbyn campaign
01/09/2015, Clive Heemskerk, from Socialism Today, September 2015 issue (monthly magazine of the Socialist Party England & Wales):
Potential to resist if follow 80’s Liverpool Council example

Kurdistan: Democratic autonomy or socialism?
29/08/2015, Socialistworld.net:
Articles on Öcalan’s ideas and Rojava, originally published in sozialismus.info, the quaterly magazine of SAV (German section of the CWI)

Sri Lanka: Identifying the challenges after defeat of Rajapaksa
27/08/2015, Siritunga Jayasuriya, United Socialist Party (CWI in Sri Lanka):
Working class struggle top priority for socialists

History: Anniversary of Trotsky’s assassination
21/08/2015, Peter Taaffe, General Secretary Socialist Party (CWI England and Wales), article published on 70th anniversary of Leon Trotsky’s assassination, in 2010:
Coming mass revolts will see workers and youth look to Trotsky’s ideas

Socialism: Past or future?
18/08/2015, Peter Taaffe, Socialist Party (CWI in England & Wales) General Secretary:
Review of ‘PostCapitalism: a guide to our future’ by Paul Mason

Technology: Will robots end capitalism?
14/08/2015, Interview with Peter Taaffe, conducted by Shahar Ben-Horin from Socialist Struggle Movement (CWI in Israel-Palestine):
Technological developments, the threat to jobs, and perspectives for the struggle against capitalism and for the future of humanity

Ireland: Mass non-payment campaign transforms political landscape
10/08/2015, Cillian Gillespie, Socialist Party (CWI in Ireland):
57% refuse to pay hated water charge

Kurdistan: PYD leaders call for partnership with Bashar al-Assad’s regime
06/08/2015, Serge Jordan, CWI:
No faith in authoritarian rulers and Western powers!

Greece: ‘The working class showed it will return to struggle’
04/08/2015, Interview with a Greek socialist:
After Syriza capitulates, taking first steps towards building a new mass Left alternative to austerity and capitalism

CWI School 2015: World crisis continues amid horrific consequences
03/08/2015, Cillian Gillespie, Socialist Party (CWI in Ireland):
Report of World Perspectives discussion at the 2015 CWI Summer School

CWI School: Europe’s euro-crisis and prospects for class struggle
28/07/2015, Kevin Parslow, Socialist Party (CWI England & Wales):
Ground prepared everywhere for new battles and rise of left formations

China: Stock market crash can turn into a political crisis
08/07/2015, Interview, with chinaworker.info editor, Vincent Kolo:
Regime adopts panic measures as market crash threatens wider economic recession

Greece: Mighty class-based ‘NO’ shakes bosses’ EU
06/07/2015, Editorial comment by Xekinima (CWI Greece), 6 July 2015:
Referendum earthquake sees working class boldly defy Troika and Greece’s servile ruling class!

Britain: Socialists and the EU referendum
03/07/2015, Clive Heemskerk, Socialist Party (CWI in England & Wales):
How should socialists approach the in-or-out EU debate?

Greece: Troika threatens Greeks ahead of referendum
30/06/2015, Andreas Payiatsos and Niall Mulholland:
Vote ‘No’! For a mass working class campaign to oppose Troika and for socialist policies!

Britain’s class battle-lines are drawn
26/06/2015, Hannah Sell, Socialist Party (CWI in England & Wales) Deputy General Secretary - article from ’Socialism Today’:
A quarter-of-a-million people protested through London and Glasgow raising the need for trade union-led struggle

Greece: Tsipras retreats before Troika threats
24/06/2015, Statement by Xekinima (CWI Greece) [dated 23 June 2015]:
What should the SYRIZA Left do next?

Greece: No surrender to‘Gang of Lenders’
22/06/2015, Editorial article from Xekinima (CWI Greece) [dated 17 June 2015]:
Plan an anti-austerity fight-back, with socialist policies!

Iraq/Syria: US imperialist strategy in tatters
12/06/2015, Serge Jordan (CWI):
A year after ISIS captured Mosul, the jihadist group controls about half of Syria and a third of Iraq – more territory than ever before

Greece: Syriza voters want austerity ended, not another ’compromise’ Troika deal
04/06/2015, Editorial article from Xekinima (CWI Greece) website [dated 3 June 2015]:
Break with the austerity - adopt a socialist programme!

China: Is China heading for a new Tiananmen?
04/06/2015, Vincent Kolo, chinaworker.info:
26th anniversary of the Beijing massacre on June 4, 1989, is also a warning of revolutionary shocks ahead

Hong Kong: Endgame for Beijing’s fake democracy plan
03/06/2015, Vincent Kolo, chinaworker.info:
Government’s electoral reform proposals meet with mass opposition

Spain: Victories for Left “popular unity” lists in local elections
02/06/2015, Danny Byrne, CWI:
Two-party system dealt a new blow in local and regional elections

Belgium: Momentum to bring down right wing government lost
01/06/2015, Els Deschoemacker and Eric Byl, LSP/PSL (Belgian section of the CWI), Brussels:
Learn from the struggle, as new opportunities open up

Ireland: Massive ‘Yes’ to Marriage Equality referendum
28/05/2015, Conor Payne, Socialist Party (CWI in Ireland):
Growing opposition to conservative establishment