The capitalist economic crisis unfolding today — rising prices combined with a downturn in manufacturing production — is heightening conflicts among rival powers that comprise the European Union and sharpening the strains tearing at the bloc of 27 governments. The…
Italian Prime Minister Mario Draghi resigned, and his government coalition collapsed July 21, the same day the European Central Bank boosted interest rates, sharply raising the cost of loan repayments for the more heavily indebted capitalist powers across the southern…
LONDON — With the U.K.’s “transition” out of the European Union’s trading arrangements ending Dec. 31, talks between London and EU leaders in Brussels over a post-Brexit trade deal have hit the rocks. Prime Minister Boris Johnson blames Brussels. The…
While millions of workers in countries across Europe confront rapidly rising unemployment, continuing outbreaks of coronavirus and attacks on wages and working conditions, the leaders of the European Union agreed to put together a 750 billion euros “recovery fund” ($880…
The economic and social crisis of capitalism weighing on working people worldwide, accelerated by the way the capitalist governments have responded to the coronavirus outbreak with far-reaching lockdowns on industry and trade, has greatly hastened the coming apart of the…
European Union finance ministers held an acrimonious summit April 9, trying to cobble together a deal for resurrecting the trading bloc members’ crumbling economies. They did finally reach an agreement, but it began to unravel within minutes. Rival capitalist governments…
A rancorous summit over the European Union’s effort to adopt a new six-year budget broke up Feb. 21 with no agreement among its rival capitalist powers. The deep divisions among them show that far from coming together after the U.K.…
LONDON — Boris Johnson claimed his Conservative Party’s huge electoral victory, built on an overwhelming working-class vote, was the “starting gun being fired on what promises to be a fantastic year and a remarkable decade for our United Kingdom.” But…
MANCHESTER, England — The failed attempts by Prime Minister Theresa May’s Conservative government in the U.K. to strike a “withdrawal deal” with the European Union that can pass in the House of Commons has led to sharpening divisions and a…
LONDON — It has been two and a half years since a referendum on the U.K.’s membership in the European Union recorded a 17.4 million to 16.1 million majority for Brexit. Millions of workers took advantage of the ballot to…
