Frontlines of Revolutionary Struggle

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Development finance helps China win friends and influence American allies

[Each day brings news of the every-sharpening contention between imperialist powers, who have long cooperated but are now more-ready to seize advantage at the expense of each other, and place burdens of more aggressive exploitation and more oppressive conditions on working people inside the imperialist countries (from US/EU to Chinese/Russian and others scrambling to expand their profits at each others expense).  One day, it is the seizure of energy resources, then it is trade routes and shipping, then monetary dominance, then credit dominance and wars, then military eyeball face-offs and surrogate/proxy hotspots, then it is digital battles and cyber wars.  There is no stopping this contention, nor any way for the people to see it but to raise the people’s struggles against all imperialism and all reaction.  Between these imperialists, working people have no horse in this race.  —  Frontlines ed.]
The Asian Infrastructure Investment Bank
Mar 21st 2015 | SINGAPORE | From The Economist

 

STRATEGIC rivalry between America and China takes many forms. Rarely does a clear winner emerge. An exception, however, is the tussle over China’s efforts to found a new Asian Infrastructure Investment Bank (AIIB). China has won, gaining the support of American allies not just in Asia but in Europe, and leaving America looking churlish and ineffectual. This month first Britain and then France, Germany and Italy said they hoped to join the bank as founding shareholders. China said other European countries such as Luxembourg and Switzerland are thinking of joining the queue.

Yet America has been sceptical about the AIIB. Its officials claim they have not “lobbied against” it, but merely stressed how important it is that it abide by international standards of transparency, creditworthiness, environmental sustainability, and so on.

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Debt Crisis: Greek protesters storm meeting, attack German diplomat

Reuters, Thursday November 15 2012

PUBLIC sector workers stormed a building where Greek and German officials were meeting in the northern city of Thessaloniki today and pelted a German diplomat with water bottles in a protest over austerity measures.Riot police used teargas and truncheons to break up a crowd of 250 city employees outside the building and formed a shield around German Consul Wolfgang Hoelscher-Obermaier as he entered.Protesters chanted “It’s now or never!” and held up mock gravestones and banners proclaiming “Fight until the end!”.They said they were furious at comments by German envoy Hans-Joachim Fuchtel, who told journalists on Wednesday that Greece could do more to reform its bloated local government sector, the head of the workers’ union said.

“Experts say that as far as local government is concerned the work carried out by 3,000 Greek employees can be done by 1,000 Germans,” Fuchtel said. On Thursday he said his remarks had been misinterpreted. Continue reading

Anti-Austerity Strikes: Protests Grip Europe

Anti-Austerity Strikes: Protests Grip Europe

Anti-austerity protests and strikes

Activists battle with police during violent clashes in Lisbon, as protests against austerity sweep across Europe.

10:21pm UK, Wednesday 14 November 2012
Lisbon

Video: Protests Across Europe Against Austerity

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General strike

Rome is being brought to a standstill as anti-austerity protesters take on riot police in the streets.

A wave of anti-austerity anger is sweeping across Europe with general strikes in Spain and Portugal and walkouts in Greece and Italy – grounding flights, closing schools and shutting down transport.

Millions of workers have been taking part in the dozens of co-ordinated protests in a so-called European Day of Action and Solidarity against spending cuts and tax hikes. Continue reading

European General Strikes announced: “We don’t owe! We won’t pay!”

Main Greek union calls general strike on November 6-7

ATHENS – Agence France Presse

EPA photo

EPA photo

Greece’s main union to called a 48-hour general strike for November 6-7 in protest at a new wave of austerity measures unveiled by the government in order to unlock EU-IMF bailout loans, AFP reported.

“The central aim and demand of the unions is the rejection (by parliament) of unacceptable, destructive and coercive measures imposed by the troika,” the General Confederation of Greek Workers (GSEE) said in a statement, referring to the EU, IMFand European Central Bank.

October/31/2012

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#14N: European General Strike

29 October 2012

Soulevons-nous! Erheben wir uns! Solleviamoci! Continue reading

Clashes break out at anti-austerity demonstration during Greek general strike

[As Angela Merkel of Germany says the troika (the group of 3 imperial usurers) should give Greece “another chance” to surrender to the social starvation and onerous debt repayment terms demanded by the imperialist system, the people gave this response in the streets of Athens and Thessaloniki. — Frontlines ed.]

DEREK GATOPOULOS Associated Press October 18, 2012

A pedestrian passes closed shops in Ermou street, Athens’ main shopping district as shopkeepers shut down for the 24-hour nationwide general strike on Thursday, Oct. 18, 2012. Labor unions in recession-hobbled Greece are holding another general strike against a new harsh austerity program, as European leaders beset by a deep debt crisis and economic stagnation gather for a summit meeting in Brussels. (AP Photo/Thanassis Stavrakis)

ATHENS, Greece — Hundreds of youths pelted riot police with petrol bombs, bottles and chunks of marble Thursday as yet another Greek anti-austerity demonstration descended into violence, less than a month after more intense clashes broke out during a similar protest.

Authorities said around 70,000 protesters took to the street in two separate demonstrations in Athens during the country’s second general strike in a month as workers across the country walked off the job to protest new austerity measures the government is negotiating with Greece’s international creditors.

A 65-year-old protester suffered a fatal heart attack during the demonstration but efforts to revive him failed. The organizers of the protest march he participated in said the man had fallen ill before any rioting had broken out.

The measures for 2013-14, worth €13.5 billion ($17.7 billion), aim to prevent the country from going bankrupt and potentially having to leave the 17-nation eurozone.

Riot police responded with volleys of tear gas and stun grenades in the capital’s Syntagma Square outside Parliament as protesters scattered during the clashes, which continued on and off for about an hour. Another general strike in late September had also seen limited, but much more intense, clashes between protesters and police.

Four demonstrators were injured after being hit by police, volunteer paramedics said. The Health Ministry said two of the protesters were treated in hospital and that their injuries were not serious.

Hundreds of police had been deployed in the Greek capital ahead of the demonstration, as such protests often turn violent. Police said about 50 people were detained Thursday.

A similar demonstration by about 17,000 people in the northern city of Thessaloniki ended peacefully.

Thursday’s strike was timed to coincide with a European Union summit in Brussels laer in the day, at which Greece’s economic fate will likely feature large. Continue reading

Greece: as politicians trash wages, pensions, jobs, people chant “get out, thieves!”

Greece approves spending cuts as protesters riot

The legislation features about $4 billion in severe budget trims, including 15,000 job reductions this year alone. Furious crowds chant outside Parliament, and several Athens buildings are set on fire

by Anthee Carassava, Los Angeles Times–Reporting from Athens, February 13, 2012

As thousands of protesters took to the streets and violence ripped through central Athens, Greece’s Parliament approved yet another round of punishing spending cuts to secure international rescue funds and ease fears of a calamitous financial collapse, potentially perilous for global markets and Europe‘s single currency.

The legislation, featuring about $4 billion in severe budget trims including steep wage and pension cuts as well as 15,000 job reductions this year alone, was backed by 199 lawmakers of the 300-member Parliament. Five abstained, 22 were absent and 74 lawmakers — including socialist and conservative supporters of the coalition government — voted against the bill that capped a ferocious 11-hour debate ending early Monday.

Throughout the marathon discussion, thousands of Greeks opposed to the austerity package descended on the sprawling grounds of Parliament shouting, “Get out!” and “Thieves!” The crowd swelled into the tens of thousands and their chants echoed across the capital — even renowned music composer Mikis Theodorakis showed up — as mobs of youths clashed with police and set fires to at least 34 buildings. Continue reading