5 March 2013

- By Andrew Brady Today UK Chancellor George Osborne sulked alone after European Union finance ministers vowed to push ahead with proposals to curb bonuses in the finance sector. The Chancellor cited the all too ubiquitous line that London’s financial centre could be damaged. The EU is proposing to cap bonuses to 100 per cent [...]

19 February 2013

We speak to Elise Buckle of UNI Global Union, the global union federation for the service sector, including banks and other finance sector institutions. Elise works in Finance Policy. Elise argues that banks should serve society, and not the other way around. You can watch the video: Or download the podcast: Download  The situation Despite [...]

18 February 2013

We will be speaking to Elise Buckle of UNI Global Union about conditions in the finance industry. UNI is the global union federation for the service sector, and represents workers in major financial institutions. Elise is finance policy coordinator. UNI has done extensive research over 21 countries, and discovered that despite making excessive profits, banks [...]

16 January 2013

By Nagia Nikolaou The two Troikas in Greece, the tripartite government and the representatives of the lenders, jointly decided with an orderly plan the worst possible scenario for the Hellenic Post Bank (HPB). Despite the BLACK ROCK evaluation results that showed HPB to be in a much better position than the so-called ”systemic banks”, they will [...]

7 September 2012

Union occupies bank head quarters in protest – By Nagia Nikolaou The new Greek coalition government has already announced the sale of public assets and infrastructure. They started with the ex-state-owned Agricultural Bank one month ago. The privatization plan also includes water utility companies, the state owned Gas Company, the Hellenic vehicle industry, the Hellenic Post, [...]

5 September 2012

The Federation of Banks and Financial Establishments of the Tunisian General Labour Union (UGTT-FGBEF) has written a solidarity letter expressing support for Lebanese finance workers, whose right to organise is under attack. According to the letter, the right of Lebanese finance workers to organise and bargain collectively is under attack by the Association of Banks in Lebanon, which [...]

21 May 2012

BY Jan Toporowski Since 2008 financial crisis is said to be everywhere, and the present crisis is definitely the worst to have hit the world since the 1930s. Politicians in crisis-hit countries like to refer to it as an ‘international crisis’, since this obscures those politicians’ part in what often was a domestically-generated crisis (as [...]

30 April 2012

BY Paul Thompson There’s been times when only the Left would talk about capitalism. Now everyone’s at it. The Financial Times has recently run a while series on Capitalism in Crisis. David Cameron and his Tory allies have railed against ‘crony capitalism’ and, of course, there was Ed Miliband’s attack on ‘predatory capitalism’. Inevitably the [...]