Socialist Worker

European Union


New eurozone deal—but it won't solve fundamental problems

03 July 2012
Europe’s leaders struck another bailout deal last week. It allows the use of European rescue funds to directly prop up ailing Spanish banks.

No more bailouts for the bankers

19 June 2012
Across Europe ordinary people’s money is being used to bail out the bankers and the rich.

Eurozone turmoil spreads to Spain

22 May 2012
Could Spain be the next eurozone domino to fall? With a near-run on one of its biggest banks, Bankia, last week, market chaos has become the norm.

Tensions simmer as G8 leaders try to find a way out of the crisis

22 May 2012
As world leaders gathered for the G8 summit at Camp David, the US presidential countryside retreat, they were all smiles for the cameras. But there were tensions behind the lens.

Germany: the odd man out inside a surging European left

22 May 2012
The biggest demonstration in Germany since the onset of the crisis took place last Saturday.

Booms and busts get bigger

22 May 2012
One reason why European rulers are so keen on the euro is that it is meant to unite individual European economies into a larger bloc. But why does size matter?

We can stop austerity—and change the world

08 May 2012
Election results in Greece and France have sent our rulers into a panic. They insist that austerity—savage programmes of cuts, job losses and privatisation—is the only cure for Europe’s ailing economies.

Austerity backfires on Europe's rulers

24 April 2012
The political crisis faced by the ruling classes of Europe deepened this week.

Size does matter if Spain goes Greek

17 April 2012
Alex Callinicos recently argued in these pages that the global economic crisis is far from over. The ink had hardly dried on his words when the crisis in Spain started growing to "Greek" proportions.

Huge strike hits Portugal as eurozone misery spreads

27 March 2012
Portugal’s transport system was paralysed by a public sector general strike on Thursday of last week. Workers were taking action against labour reforms and austerity measures imposed by the country’s creditors.

Workers protests rattle European leaders

24 January 2012
Governments across Europe are set on imposing cuts that will wreck lives, slash jobs and destroy services. But resistance is spreading.

The eurozone’s not so happy new year

03 January 2012
New Year cheer is in short supply judging by the latest statements from European leaders. Germany’s chancellor Angela Merkel, France’s president Nicolas Sarkozy and Italy’s president Giorgio Napolitano all began the year by warning of more pain to come.

EU panics as economy gets worse

13 December 2011
The robber barons of Europe have fallen out—but their rows are an expression of a much deeper crisis. They face the prospect of economic catastrophe.

The new euro deal - your questions answered

13 December 2011
What is the "eurozone"?

Austerity will drive the crisis deeper

13 December 2011
The summit of European Union (EU) leaders last week marked a turning point in the development of the euro crisis. Their previous attempt to fix the crisis in late October ran out of steam just two days after it was agreed.

General strike against Belgium's new government

06 December 2011
Tens of thousands of people protested against austerity in Brussels on Friday of last week. Large parts of Belgium’s transport system were shut down by strikes.

Downfall: Crowds gather in Rome to cheer Berlusconi’s departure

13 November 2011
Italians have been celebrating the downfall of their hated prime minister Silvio Berlusconi, who resigned in disgrace last night (Saturday).

Fear and confusion as eurozone slides

04 October 2011
A couple of weeks ago the economist Paul Krugman said he was "both terrified and bored" by the eurozone crisis. I know what he means.

Cuts and bailouts are are no solution for European crisis

07 June 2011
‘On a magic night, just like in Argentina, we will see which one of the politicians will make it first to the helicopter."

Italians reject Berlusconi cronies

31 May 2011
Voters in Italy have dealt a resounding blow to prime minister Silvio Berlusconi’s right wing government in local and mayoral elections.

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