World News

Eurozone 10th anniversary

Economic crisis - cracks appear in bosses’ EU

Danny Byrne, CWI London

The international capitalist crisis, which has unfolded over the last months, has served to completely discredit the free market policies and ideology of the boom period, of the last twenty years or so. An element of the ‘un-challengeable’ arguments put forward by the supporters and ideologues of the free market was the idea that capitalism had entered a new phase of peace and harmony, characterised by the co-operation and ever-increasing integration of national capitalist economies and governments. The European Union was heralded as a prime example of the setting aside of national rivalries. The introduction of the Euro, ten years ago this month, as a common currency, in particular, was put forward as evidence of the new-found unity of European capitalism.

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Greece shaken by riots, strikes & mass protests

By Matt Waine

NO ONE was happier to see 2008 come to an end than Greek Prime Minister Kostas Karamanlis. The brutal shooting in cold blood of a 15 year old school student by police in Athens on 6 December unleashed an enormous wave of anger that threatened to bring down his New Democracy government.

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