As part of trying to soften us up for “the economic leadership our nation needs”, Malcolm Turnbull has been telling us Australia is a “high wage, generous social safety net, first world society”.

Syriza’s decision to refuse the austerity deal offered by the Troika and to call a referendum on the proposals is a major step forward. It is a product of pressure from the left and the workers’

Greece narrowly avoided default in May by scraping together the €750 million debt repayment due to the IMF. The European Union is tightening the screws, demanding the new radical left Syriza

Syriza leader Alexis Tsipras’s first act in government was canceling privatisations in electricity and the ports of Pireaus and Thessaloniki.

OVER 1000 people joined a demonstration in Sydney today to demand Tony Abbott keep his hands off Medicare and stop his planned wave of cuts to services and jobs. Solidarity distributed this

After 64 years manufacturing cars in Australia, making billions in profit, and taking billions in government subsidies, General Motors Holden has announced its Australian factories will close in

The stockmarkets panicked at the Italian election result at the end of February. Neither of the major parties won enough votes to form the stable government that the EU, IMF and business want so

Another shockwave hit the world economy as the International Monetary Fund (IMF) attempted to negotiate a “bailout” deal for bankrupt Cyprus. The deal would have involved taking money from bank

US debt negotiations went down to the wire in January before Democrats and Republicans reached a deal to avert the so called “fiscal cliff”. Yet little has been solved.

Workers walked out in general strikes across Portugal, Spain, Italy and Greece as well as parts of Belgium on November 14.

The Greek economy is in a depression. The austerity measures demanded by the troika have made it worse. Nationally one in four Greeks are out of work. Those with jobs fair little better: Greek

Spanish Prime Minister Mariano Rajoy’s government must feel under siege. And in late September it was literally besieged, as more than 40,000 people surrounded the Congress building in Madrid. On

France, Greece, Italy, Portugal, and—last but not least—Spain. A storm of anti-austerity protest has been sweeping through Europe. This represents a very sharp change in the political

Spanish people have risen up in a new surge of resistance to the government’s relentless austerity reforms.

Crisis in the Eurozone Edited by Costas Lapvitsas Verso Books $29.95

Kate Davison interviewed Christine Buchholz, German Federal MP for Die Linke (“The Left” Party) and supporter of Marx21, about their efforts to build solidarity with Greek workers

Workers at Eleftherotypia, Greece’s second largest newspaper have taken over their workplace and begun producing their own newspaper to report on the movement against austerity,

The new Greek austerity package, demanded by “the troika”—the IMF, European Union (EU) and European Central Bank imposes further vicious cuts on the people of Greece. But the level of workers’

The economic crisis is getting worse and heading our way. Solidarity looks at the roots of the crisis in the capitalist system and the socialist alternative

This statement on Greece, signed by organisations in the International Socialist Tendency and others, explains the vicious austerity policies facing the Greek people and offers solidarity in the

The world faces a “1930s moment”, as the IMF warned in late January. Five years after the economic crisis erupted in 2007, global capitalism has failed to recover.

For the past two months, the Occupy movement has electrified US politics and inspired movements in its image around the world. The occupations themselves have been relatively small, but hugely

Political and economic turmoil is engulfing Europe. In the space of a few days in November the governments of Greece and Italy fell after the financial markets judged them incapable of tackling

There were beautiful scenes on October 15 when more than a million people took to the streets across Spain, reports Daisy Farnham.

Hundreds of thousands of angry Greek trade unionists marched through central Athens on October 19 in the biggest workers’ demonstration since the toppling of the military dictatorship in 1974,

Jean Parker begins a series on issues in economics by looking at credit and banking

The Occupy Wall Street protests have struck a chord, voicing opposition to corporate power and disillusionment with the US political system. It has mushroomed into a movement that has spread to

US-based anti-capitalist activist Virginia Rodino reports on a protest at the heart of the system

The crisis in the eurozone is again reaching panic levels. The world economy was “entering a dangerous phase”, IMF chief Christine Lagarde told the world’s finance ministers in Washington at the

Carl Taylor gives an eyewitness account of the London riots and the moral hysteria that’s followed