Stock markets in Europe and the United States plunged yesterday, amid growing fears of a further downturn of the global economy: here.
From British daily News Line today:
The debt crisis is now eating at the heart of the Eurozone, European Commission President Jose Manuel Barroso warned yesterday.
He urged all 27 EU countries to urgently rethink their rescue systems, after earlier warning that the eurozone is in ‘system failure’.
From News Line today, about Britain:
The TUC Congress next month is meeting at an historic juncture of worldwide economic and political crisis.
Millions of workers are having their wages frozen or cut, jobs are being destroyed on a vast scale, and all public services are being cut and privatised, with the government hell bent on destroying the Welfare State and slashing benefits, at the same time as it is spending billions on its Afghan and Libyan wars.
Families fighting to save a Glasgow daycare centre for disabled people stepped up their campaign today to force the council to find alternatives to closure: here.
On Wednesday evening, the Frankfurt Labour Court banned a strike by air traffic controllers, which would have crippled air traffic over Germany for six hours: here.
The United States had its political origin in a revolutionary struggle against an entrenched aristocracy. Today, the working class faces a no less determined foe—a parasitic financial elite whose only response to the crisis it has created is ever more draconian attacks on the social conditions of the vast majority of the population in the US and around the world: here.
How many millionaires didn’t pay income tax during the recession? Here.
How JP Morgan Took Over All Kentucky’s Financial Services, And Why You Should Be Scared: here.