We begin today the publication of the
IMT’s analysis of the world situation. This is a draft document that is
the basis of discussion within the Tendency and will be voted on with
possible amendments at this year’s world congress of the IMT. Part One
deals with the general crisis of world capitalism, to be followed by an
analysis of specific areas of the world.

The decision of the Cameron government
to deploy HMS Dauntless off the coast of the Falklands Islands in the
South Atlantic represents a gratuitous provocation to the people of
Argentina.

The French and German governments have been hard at work over the last
few weeks berating the Greeks for being unable to organise their
finances. Now, according to reports in today’s press, it turns out that
these self same governments have been pushing hard to get the Greek
government to spend like mad – on arms.