International Viewpoint - online socialist magazine

• Africa
  

  USA/Africa: privatisation of health aid

  12 February, by Paul Martial

  Recent agreements between the United States and some fifteen African countries are radically reshaping health cooperation on the continent, even as Washington has just left the World Health Organisation (WHO).
  These new partnerships are part of the so-called America First Global Health strategy, which makes aid conditional on US priorities. In December, Washington signed memoranda with some fifteen countries setting specific objectives for epidemic surveillance, laboratory strengthening (…)

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• Syria

  Where is Ahmad al-Chareh’s Syria heading?

  11 February, by Jean Batou, Joseph Daher

  “Daher provides an update on the worrying developments under Ahmad al-Chareh’s new government. He also highlights the opportunities opening up for working people and social movements, provided they prove capable of resisting sectarianism and ethnic discrimination.”

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• Portugal
  

  In the face of climate catastrophe, Portugal mobilizes vote against the far right

  10 February, by Jorge Costa

  António José Seguro was elected President of the Republic of Portugal on Sunday with 67% of the vote, comfortably beating the neo-fascist candidate he faced in the second round, André Ventura (33%).

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• China
  

  Purges and Regime Crisis in China

  9 February, by Pierre Rousset

  The dismissal of General Zhang Youxia was officially announced on January 24. This is another step in the purges that have been taking place within the Chinese army’s general staff. Zhang was considered “untouchable” given his supposed closeness to Xi Jinping. As for the Central Military Commission (CMC), it is now a hollow shell, having lost five of its seven members. Xi continues to clear the field around him, contrary to any form of collegiality.

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• USA
  

  Criticism of Trump by Democrats, Republicans Grows as his Support Falls

  8 February, by Dan La Botz

  “Now things have changed. Republicans have criticized his immigrant deportation policies, his racist posts, and his threat to take over the election process. At the same time support for Trump is declining as shown in polls.”

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...and the rest of the current issue

• Germany/Hungary

  Germany joins Hungary in prosecuting left‑wing activists

• Venezuela

  Redemocratise society and politics to overcome the colonial situation

• Mynamar/India

  Why Myanmar’s Election Matters for India’s Northeast

• Greece

  A historic peasant mobilization in Greece

• Syria

  On the Recent Agreement Between Damascus and the Kurdish Administration

Recently posted Features

• 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 [1] ) 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. [2]

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• Series: Governments submit to “Too Big to Fail” banks (Part 1)

  Central Banks lend massively to the banking sector

  8 September 2014, by Éric Toussaint

  Since the banking bubble burst in 2007, the major Central Banks of the most industrialised countries lend massively to private banks at very low interest rates in order to avoid their failure, thus permitting the big banks that take the most advantage to save considerable amounts in interest payments.

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• Last part of the series: The Banks and the “Too Big to Jail” Doctrine (Part 9)

  The Impunity Enjoyed by the Banks must Stop

  1 September 2014, by Éric Toussaint

  We all know the saying “Too big to fail.” In managing the crisis the banks have caused, the governments of the industrialised countries have adopted a new doctrine that might be summed up as “Too big to jail.”

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