Socialist Worker

No more bailouts for the bankers

Issue No. 2308

Across Europe ordinary people’s money is being used to bail out the bankers and the rich.

Last week George Osborne handed £140 billion to the banks. He said it was a bid to stave off a new credit crisis.

The battle over austerity continues to rage in Greece. The European Union is demanding more cuts in a country ravaged by austerity.

And the Spanish government has bailed out the Bankia bank to the tune of almost £19 billion.

But these desperate attempts to prop up the system are being challenged. In Britain bus drivers, food workers, teachers and engineers are among those striking back.

After two years of general strikes and street protests, workers in Greece have vowed to resist further austerity measures.

And in northern Spain 8,000 miners have been on strike for almost a month to save their jobs. The region has been rocked by huge marches and a one-day general strike.

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Tue 19 Jun 2012, 16:56 BST
Issue No. 2308
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