More than 20 years ago, on the eve of the introduction of the Euro, the Marxist tendency predicted that faced with new and insoluble problems the common currency would “break down amidst mutual recriminations”. Those recriminations began in a five-and-a-half-hour-long conference call between EU leaders last Thursday.

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Venezuela has entered another week under preventive social quarantine, following the government’s announcement on Friday 13 March that the country’s first cases of coronavirus had been detected. A terrible burden is being borne by the working-class and poor, who were already facing a dire economic crisis before the sanction-strangled healthcare system faced the prospect of the COVID-19 pandemic.