As the General Election approaches, the Labour Party leadership continues getting rid of the most radical aspects of its election programme. And, Labour Party members only get to know about these changes through the media.

Ireland may go to the polls on March 11th, but the huge implosion in the Fianna Fáil Party might yet bring that date forward. The FF and Green Party coalition government has eventually reached the end of the line, the Greens have left the government and will “support the finance bill from the opposition benches” Three years of austerity measures and a protracted period of political and financial uncertainty have completely transformed the political landscape in the state and affected the consciousness of all classes within society also.

Who gains from the cut in the minimum wage proposed in the four year plan? Well, according to Brian Cowen it’s the very people who are on the minimum wage just now. As usual with Cowen, it is a question of denying what is abundantly clear to everyone else.

After weeks of dancing the seven veils, trying to hide what they were up to, the government, the EU and the IMF announced on prime time Television today (28 November) that they have signed up to an €85 billion bailout. The money which has 5.8% interest rate attached to it will go to recapitalise the banks( €10bn); fund the budget (€50bn) and deal with “banking contingencies” (€25bn). So in other words the whole lot is going to bail out the banks and keep the government finances going.

100,000 marched from Wood Quay to the GPO today in protest against the austerity measures outlined in the four year plan despite the cold wintery weather. A few even demonstrated in a curagh on the Liffey – the workers navy has arrived. Meanwhile the government are behind closed doors discussing the bailout package with the officials.

Join us!

Help build the forces of Marxism worldwide!

Join the IMT!