InDepth – Europe in crisis

Smash the dictatorship of the markets

Below are a collection of articles on the crisis unfolding across the Euro-zone. These articles deal with the problems facing the PIGS countries (Portugal, Ireland, Italy, Greece and Spain) as well as the future for the “European Project” and the main European powers.

They also discuss the future of the single currency, what options are left for the EU leaders and the coming “austerity” attacks which will impoverish millions across the continent.

Greece – A test bed for ‘austerity’ and resistance
By Peter Taaffe, Socialist Party (CWI England and Wales) 16 June 2010

The European Union’s spiral of crisis
By Robert Bechert, CWI 6 June 2010

Will Ireland follow Greece
By Kevin McLoughlin, CWI Ireland, 7 June 2010

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France – Sarkozy’s policies massively rejected in regional elections

’Third round on the streets’ - Big gains for Socialist Party and allies, and also for far right, but new Anti-capitalist Party in disarray

Little more than 24 hours after the second round of regional elections in France, strike action began on the railways, ushering in a day of action and protests in 80 cities across the country. March 23 was agreed on by the eight major trade union organisations to demonstrate mounting hostility to the government’s policies on jobs, pensions, working conditions and the cost of living. Mobilisation from on top was poor, but anger and hatred against Sarkozy has reached boiling point. He and his government have pushed ahead with attacks on the railway workers, universities, high schools, post office etc. Only in some cases, where widespread opposition has developed, has he been forced to step back.

Peter Hadden’s writings online at Marxist Internet Archive

Socialist writings on Ireland and the national question

Peter Hadden, who served for many years on the Socialist Party National Executive Committee and held the post of Northern Secretary, as well as on the CWI’s International Executive Committee, sadly died last May. 2011 sees the welcome development of Peter’s many articles and pamphlets being posted on the Marxists Internet Archive (MIA - www.marxists.org) a widely-read site which makes accessible the works of a large variety of Marxist writings. 

‘In reality, Britain is facing a savage economic ice age’

 

"Dire", "terrible", "shockingly bad", "horrendous... an absolute disaster for the economy"! These were some of the terms used by City and media analysts to describe economic figures for the last three months of 2010 (released on 25 January). Government leaders, Cameron, Osborne & Co, blame the sharp fall in output on December's Arctic blast. But in reality Britain is facing a savage economic ice age.

The fourth-quarter dip (a 0.5% fall in GDP - gross domestic product) reflects the fragility of British capitalism's 'recovery' from a deep recession. It comes even before the Con-Dem government's savage spending cuts (£81 billion) and tax increases (£33 billion) begin to bite.

Among experts and the broader public, there are growing fears of another downturn, a dreaded 'double dip'. Even the government's friends are calling on chancellor George Osborne to come up with a 'plan B'.