Porto, Portugal – At an event in Porto on July 4 attended by around 200 people, leaders of the Portuguese Communist Party (PCP) firmly condemned the privatization of a key state energy company, Efacec, to a German shareholder. Mutares, the German shareholder, submitted a bid to acquire a 71% ownership of the currently nationalized company that specializes in transformers, appliances and equipment, automation solutions and electric mobility.
Porto, Portugal – Around 100 people gathered in the northern Portuguese city of Porto to show solidarity with the Cuban revolution. They came together at the People's University of Porto (Universidade Popular de Porto, UPP) to demand an end to the U.S. blockade of Cuba.
Most of the countries in the euro-zone, which includes most of the major economies of Europe (Great Britain and Switzerland being two notable exceptions), are now in a recession. The zone’s largest economy, Germany, is rapidly slowing. This growing crisis of overproduction among the capitalist economies of Europe is having a worldwide impact, with Asian economies and the U.S. being affected by slowing trade and growing fears of another financial crisis.