International Viewpoint - online socialist magazine

• Iran
  

  Resumption of Bombing and Internal Crisis in Iran

  17 August, by Babak Kia

  The ceasefire between the US and Iran was shattered around the question of control of the Strait of Hormuz. As the US bombing resumes, divisions are deepening at the top of the Islamic Republic, with no way out for the people of Iran.

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• USA
  

  Revoking TPS: Trump Escalates Racist Assault

  16 August, by Malik Miah

  TEMPORARY PROTECTED STATUS (TPS) for more than 350,000 Haitians living in the United States was overturned by the government, following a June 25 ruling by the Supreme Court to allow the termination.

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• Latin America
  

  The spectre of the far right is haunting Latin America

  15 August, by Eduardo Lucita

  Far-right movements have come to power in numerous countries across the region. They are linked to Trumpism; resisting them requires the broadest possible coordination of these resistance movements at both local and regional levels.

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• Spanish State
  

  Ceuta: the boundary of the right to have rights

  14 August, by Miguel Urbán Crespo

  Last Friday [31 July], thousands of people swam across the border to reach the autonomous city of Ceuta. This enclave of some 83,000 people received, in a matter of 24 hours, just over 50,000 more people, exhausted from a migratory journey that has caused the deaths of at least 100 in the last two days. In summer, arrivals in Ceuta and Melilla by sea increase significantly, as sea fog hinders early detection on the coast by the Civil Guard. But no one in the government seemed to foresee a humanitarian crisis of this magnitude, with significant political repercussions that extend far beyond the usual media headlines.

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• Ukraine
  

  The Wrong Lever: Europe, Ukraine, and the Refugee Question

  13 August, by Adam Novak

  EU leaders are moving towards removal of asylum rights for Ukrainian men aged 23-60, to improve conscription and functioning of essential services in the fifth year of Ukraine’s fight against Russian imperialist aggression. The Zelenskiy government asked for this change. But that does not make the policy right.

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...and the rest of the current issue

• Ukraine

  In Kyiv, the street makes its voice heard

• Italy

  The battle for the beaches in Italy

• Morocco:

  New escalation of repression in the face of rising resistance

• Tunisia

  Mobilizations amid water and electricity crisis in Tunisia

• Balkans

  The Same Enemy Is Driving Protests Across the Balkans

Recently posted Features

• Series : Bretton Woods, the World Bank and the IMF : 70th anniversary (Part 8)

  World Bank and IMF support to dictatorships

  29 September 2014, by Éric Toussaint

  After the Second World War, in a growing number of Third World countries, policies diverged from those of the former colonial powers. This trend encountered firm opposition from the governments of the major industrialised capitalist countries whose influence held sway with the World Bank (WB) and the IMF. WB projects have a strong political content: to curtail the development of movements challenging the domination/rule of major capitalist powers. The prohibition against taking “political” and “non-economic” considerations into account in WB operations, one of the most important provisions of its charter, is systematically circumvented. The political bias of the Bretton Woods institutions is shown by their financial support to dictatorships ruling in Chile, Brazil, Nicaragua, Congo-Kinshasa and Romania.

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• Series : Bretton Woods, the World Bank and the IMF : 70th anniversary (Part 7)

  Domination of the United States on the World Bank

  9 September 2014, by Éric Toussaint

  The concept of the World as a huge bureaucracy, gradually freed from the influence of the US, is actually a far cry from reality. This mistaken conception is revealed in particular by the North American environmentalist Bruce Rich in his insightful book on the World Bank. [1] In real terms, the institution is firmly under the control of the US government which negotiates, with the governments of other major capitalist powers, the policies to be followed within the World Bank, and under its leadership. It has frequently failed to make the effort to reach a consensus with its principal partners (since the end of the 1950s, these are Japan, Germany, Great Britain and France) and it imposes its views directly on the Bank.

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• Series: Governments submit to “Too Big to Fail” banks (part 3)

  Private banks shamefully enjoy a monopoly of lending to the public sector

  8 September 2014, by Éric Toussaint

  The eurozone banks have the monopoly of lending to the public sector. It is prohibited for the ECB and the eurozone’s central banks to grant loans to public authorities (see box on the ECB). The governments in the eurozone have the possibility of borrowing from publicly owned banks where they still exist, but they do not do so.

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• Series: Governments submit to “Too Big to Fail” banks (part 2)

  Governments make Gifts Galore to Private Banks

  8 September 2014, by Éric Toussaint

  Government aid is made up of guarantees, and injections of capital in order to recapitalize the banks. In the period from October 2008 to December 2011, €1,174 trillion (9.3% of EU GDP [2] ) worth of guarantees were underwritten by European Governments as a contingency measure. To these guarantees must be added €442 billion (3.5% of EU GDP) of public capital support to banks. During 2012 and 2013 the recapitalizations continued: about €40 billion in Spain in 2012 alone, more than €50 billion in Greece, about €20 billion in Cyprus, €4 billion more for Dexia bank in Belgium, €3.9 billion for Monte dei Paschi in Italy, €3.7 billion for the Dutch bank SNS, €4.2 billion in Portugal on top of the Portuguese bail-out of the Banco Esperito Santo in July 2014., not forgetting Ireland, Slovenia, Croatia This assistance was granted without any government supervision of the use made of the funds. [3]

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