Socialist Party MEP Paul Murphy has dismissed Taoiseach Enda Kenny’s statement that the last minute deal struck in Berlin was “a good day for Ireland.” Instead, Mr Murphy said if the Taoiseach truly believed that, he had been taken for a ride.
After a year and a half, the Greek debt crisis is far from resolved. In fact, with Greece on the verge of a social explosion, a default and exit from the euro appears almost inevitable. The eurozone is threatened by an interlocking sovereign debt and banking crisis, compounded by near-zero growth. Capitalist leaders are in complete disarray. Competing national interests are a barrier to cooperative measures. socialistparty.net analyses the latest twists and turns of the eurozone crisis.
2013 has started with the government and the capitalist media going on a propaganda offensive to give the impression that there is a real recovery in the Irish economy.
Interview with Athina Kariati, New Internationalist Left (CWI in Cyprus). After months of ‘calm’ the capitalist debt crisis has resurfaced over the banking meltdown in Cyprus, sending financial markets into a spin. EU ministers and the newly elected right-wing Greek Cypriot president have demanded that small savers, ie Cypriot workers, pay €billions for a banking bailout.
