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"TPTG analyse the crisis in Greece and how it is influencing capitalist restructuring, and how the working class is responding to the resulting austerity measures. "

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"As part of Shift Magazine's series on precarity, Juan Conatz describes a day in the work life of a sleep deprived day laborer. "

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"From the Financial Times to the far left, tons of ink has been spilt writing about some variant of the “Crises of Global Capitalism”. While writers differ in the causes, consequences and cures, according to their ideological lights, there is a common agreement that “the crises” threatens to end the capitalist system as we know it."

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"European political elites met in Brussels, Belgium on December 8th to draft measures to secure the failing Euro and its single market, where the financial crisis is getting worse. The result is a treaty for a new ‘fiscal compact’, which is a tightening of financial rules and regulations between all the 27 countries forming the European Union."

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"Conditions in Greece are becoming desperate as unemployment continues to rise, wages and pensions are slashed, many small businesses close and the country slides towards a likely disorderly default. The pressure on ordinary working people is relentless."

greece crisis revolution austerity EU europe

The Euro leaders are having another Summit in Brussels today – another one – the 17th in two years. I think they are getting used to the nice wine and sumptuous food that is served up. Little ever comes from these summits that is of any productive import.

EU europe economy greece crisis summit

After a year of unending turmoil and military rule, Egypt faces an acute financial crisis that could undermine its political transition and pose a defining challenge to Islamists now coming to power.

egypt economy muslim_brotherhood SCAF crisis

World leaders probably spent more time worrying about the eurozone crisis than anything else in 2011.

crisis europe economy debt financial_crisis Germany Italy France spain greece

The latest phase of the Greek crisis (a crisis that is only part of the broader European and global capitalist crisis) illustrates the determination of political and economic elites in Greece and Europe to seal the future of ordinary Greeks without asking for their consent.

greece debt EU europe crisis referendum austerity revolution

European leaders have struggled mightily to keep Greece in the eurozone, despite the drag that its economic weakness places on their growth. The reason is this: If Greece abandons the euro, the chaos it would wreak on the global economy can hardly be overstated.

europe economy crisis greece debt EU capitalism analysis

The Greek prime minister's decision to put the debt deal to a public vote has shocked Europe – but he is confident of support

greece economy crisis debt EU sarkozy George_Papandreou Angela_Merkel

Somalia refugees crisis worsens. (Photos)

somalia drought famine africa poverty civil_war imperialism crisis photos refugees

Kostas Avramidis of Irish Anarchist-platform WSM, piece, on current conditions in Greece gives a flavour of what is going on in one of the small number of countries in Europe where there is ongoing mass public action against the austerity agenda. He draws our attention to community campaigns against unwanted capitalist projects, where the traditional political system has been bypassed.

greece austerity economy crisis Neoliberalism anarchists

After a year and a half of desperate rescue negotiations and bailout tranches doled out by the International Monetary Fund, the European Central Bank and the European Union, the intractable and increasingly ineffective austerity measures imposed by the “troika” (three) on Greece's socialist government, have been met with unrelenting protests.

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Investors prepared to brave the aftermath of political turmoil and the threat of a faltering global economy to Egypt's industry will be able to benefit from strong underlying demand, officials at one of Egypt's most influential industry bodies said.

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"Pakistan seems to be nothing less than a living hell. The economy continues to crumble. The social fabric is tearing apart. Human relations have become sour and burdensome. "

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"In the Horn of Africa, a famine is raging that has claimed the lives of tens of thousands of people. For the first time in 30 years, the UN has officially declared a famine. The drought in East Africa has resulted in a food crisis across Somalia, Ethiopia and Kenya that has affected over 12 million people"

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"The world is undergoing seismic economic changes, from the international financial crisis to the shifting balance of power between developed and developing countries."

world economy IMF crisis

"The last fortnight's dramas on financial markets is really just the sound of investors waking up to some fundamental problems in the global economy."

capitalism crisis

Greece was rocked Wednesday by massive street protests and a strike of millions of workers against the government’s austerity plans. In response, embattled Greek Prime Minister George Papandreou announced he will reshuffle his cabinet to try to achieve consensus on how to address the country’s crippling debt crisis.

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