The Greek crisis is reaching a decisive turning point. In the run up to the recent elections many reassurances were made, but everyone knows that what is actually being prepared is a plan for an exit from the euro in an attempt to minimise the consequences and then to put the blame for this on the "irresponsible" Greeks.
Read more: The crisis of the euro and the confusion on the...
The Muslim Brotherhood's candidate Mohammed Mursi has won Egypt's presidential election with 51.73% of the vote. Ahmed Shafiq, the candidate of the military, got 48.27%, according to the election commission. However these figures should be treated with caution.
Read more: Egypt: The Muslim Brotherhood’s election victory...
A spectre is haunting Europe – the spectre of capitalist crisis. Events are moving at lightning speed. This slow-motion train wreck has suddenly speeded up. Each day we come closer to a Greek default and its exit from the euro. Squeezed by foreign bankers, demanding their pound of flesh, ordinary Greek people are being pushed to the limit. They are being reduced to a state of wretchedness and indignity.
The Egyptian revolution has taken a new turn in the last few days. The ruling Military Council (SCAF) has launched a number of very serious attacks on the revolution. The military police can now arrest civilians at will and parliament has been dissolved. The generals have also announced additions to the Constitutional Declaration of March 2011 which give them virtually unlimited powers. What was supposed to have been the first democratic presidential elections in the history of the country has ended in a farce and a power struggle between two rival factions of the Egyptian bourgeoisie: The Muslim Brotherhood and the Armed Forces.
