The downgrading of Greece’s credit
ratings by Standard & Poor’s
has sent shockwaves around the world’s financial markets, with stock
exchanges seeing significant falls over the last few days. The fear is
that Greece
could default and drag the rest of the eurozone into a severe crisis,
putting immense pressure on the euro. The problem the bourgeois face is
the Greek working class, which is not taking this lying down.

The Cuban revolution is once more being attacked by the imperialists.
They raise a hue and cry about “democratic rights”, but what they are
really concerned about is a country where private property of the means
of production has been abolished, where the revolution has survived, in
spite of many mistakes and difficulties, and which continues to be a
point of reference for the downtrodden masses of Latin America. In
this,
the International Marxist Tendency stands firmly in support of the
Cuban revolution against the attacks of imperialism.

In 2008 the people of Pakistan voted
into office the PPP, hoping that this would bring genuine change, i.e. a
real improvement in their living conditions. Instead we have a
worsening economic situation, real suffering of the millions of poor,
and warfare killing many innocent civilians. Meanwhile the PPP
leadership is busying itself applying the IMF-imposed policies of cuts
and privatisations. In these conditions it is not surprising that many
are asking themselves what democracy has meant for them.