Less than three weeks after she survived an ultimately toothless rebellion by her pro-European MPs, Theresa May has embarked on a collision course with the hard-Brexit-wing of her party, provoking the deepest crisis her government has faced since last year’s general election.

It wasn’t long ago that Germany was considered one of the few countries with a stable political situation. On the surface at least, with high economic growth and a dominant position within Europe, everything seemed to be going well for the German ruling class. However, this stability is turning into its opposite.

Italy’s public debt stands at a staggering €2.3tn, or 132 percent of GDP: the third largest in the world after Japan and Greece. Furthermore, Italy’s banks hold the largest share of Europe's non-performing loans, totalling €224bn. Unlike Greece, which is a relatively small player in Europe, Italy has the third-largest economy in the Eurozone, contributing more than 15 percent of its overall GDP. Italy has now become a huge risk to the financial stability of the whole of the European Union.

The British National Health Service (NHS) turns 70-years-old this year, on 5 July. Festivities are planned across the country to celebrate perhaps the greatest achievement of the 1945 post-war Labour government. And rightly so. The NHS continues to provide care free at the point of delivery. It is, in essence, the embodiment of a socialist approach to healthcare: free and universal.

The current crisis of capitalism has had huge consequences for ordinary people, with dramatic falls in living standards, increased job losses and severe welfare cuts. Working-class women are being particularly hard hit by this crisis, facing stagnating wages in already low-paid jobs and often having to bear the brunt of austerity cuts to public services and welfare. Since 2010, 86 percent of Tory cuts in Britain have been targeted at jobs and services that are dominated by women.

After days of fraught negotiations, Theresa May survived a crunch Brexit vote in the House of Commons on 20 June, which had threatened to bring the simmering civil war in her party to a head. But this most recent compromise will only prepare an even deeper political crisis in future.

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