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From The Socialist newspaper, 27 April 2010

Greek crisis

PUBLIC SECTOR workers in Greece staged another strike last Friday against the savage austerity measures being imposed on workers by the beleaguered Pasok government.

Faced with financial collapse, Greece's PM George Papandreou has been forced to go cap-in-hand for a 45 billion euro European Union/International Monetary Fund loan.

The terms of the loan will be completed by 6 May and trade unionists rightly fear that the IMF will demand a further squeeze on workers' living standards with a slashing of spending on healthcare and pensions and attacks on workers' rights. This likelihood has prompted the trade unions to threaten the government with further resistance.

The financial turmoil in Greece is also impacting on the stability of other Eurozone countries and may yet serve as a trigger that blows apart the whole monetary union project.

See: Eurozone crisis, capitalist conflicts and class struggles, at www.socialistworld.net/index.php/4228

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In The Socialist 27 April 2010:

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Socialist Party Marxist analysis

Heading for a coalition government?


Socialist Party news and analysis

Fund a political alternative to the establishment parties

Filthy rich get richer

World's most unequal city

Greek crisis

No trust


Socialist Party election campaign

A 'beacon of hope' in Gateshead

STUSC candidates speak

Press try to gag socialists in Walthamstow campaign

Debt balloons go up in Brighton Kemptown

Cleaning up in Cardiff

Extremes of rich and poor in Swansea

Campaign hots up in Lewisham

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TUSC: 'Hear your candidate' meetings


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Socialist Party election analysis

Can the Greens help provide a left alternative?


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Housing in crisis: Bankers rob people


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