Yesterday, the long-awaited nuclear deal between Iran and six major world powers was signed. After 18 days of straight negotiations the parties announced a 100-page agreement which is to set in motion the scaling back of the Iranian nuclear agreement and the lifting of harsh sanctions on Iran. This brings to an end more than three decades of harsh economic sanctions imposed on Iran by US imperialism and marks a complete defeat of the US strategy of intimidation, blackmail and coercion of Iran.

The world economy is tottering. This week it has been buffeted by two extremely turbulent financial storms - Greece and, suddenly, China, the world’s second largest economy. Globally, the system is extremely unbalanced, with massive wealth accumulating in tiny handfuls whilst the billioned masses must keep borrowing from these billionaires to make ends meet. This top heavy, blind and irrational system cannot stand on its own feet and the nation states are buckling under the weight. The sudden stock market collapse in China has been so vast that even the mighty Chinese government is incapable of controlling it.

On the 16th of May, more than 60,000 Guatemalan people took to the streets, occupying Constitution Square. On the 20th, thousands more returned to continue the protests. These protests by workers, youth and social organizations represent the most important protests since the signing of the Peace Accords of ‘96.

The working class based victory for the "No", with more than 60% is a revolutionary event. The people have given a mandate for revolutionary resistance and against Memorandum agreements. It's time for the nationalization of banks, repudiation of the debt and the overthrow of Memoranda and barbaric capitalism which spawned them.

The Greek crisis is approaching a denouement. This marks a turning point for the working class of Greece and the whole of Europe. Last January Greece voted for a government that promised to end the austerity policies that have ruined the country. The election of Syriza gave hope to many people throughout Europe. But precisely for this reason, the political leaders in Brussels and Berlin decided to crush the new government, to humiliate it, to sabotage it and finally to bring about its overthrow.

The latest provocative demands and ultimatums placed by the troika on the Greek government have one clear aim: to destroy it. They cannot be interpreted in any other way and all the pieces of the puzzle are now falling together.

At the last minute, when it seemed that a break was inevitable, the Greek government made a new proposal which included substantial additional concessions to the demands of Europe’s bankers and capitalists. It is not only that the Syriza government has been forced to abandon substantial points of its own election program, but even the famous “red lines” have been crossed.

Jeremy Corbyn, the left wing Labour MP, has got on the ballot paper for Labour leader. This is a remarkable and welcome turn of events, despite being achieved by the slimmest of margins.

We live in a time when the whole establishment is not only corrupt and rotten to the core but is seen as such by a large section of the working class, both in Britain and throughout the rest of the world. Bankers and financiers are manipulating the markets for short-term gain; politicians are pocketing whatever they can whilst demanding that the poor accept pay cuts and declining services; rich and powerful individuals are exposed as having carried out acts of extreme depravity right under our eyes with nothing being done about it; bosses carry out illegal blacklisting aided by the state...the list goes on. However, if you were to ask the average person in the street to come up with something that defined, above everything else, corruption, bribery and general fiddling, many would answer with one word: FIFA.

Alongside the shock of a Tory majority, the other big story of the General Election results was that of Labour’s collapse in Scotland to the SNP. With the Nationalists very nearly sweeping the board with 56 out of 59 seats, it more than negated any small increase in votes Labour got in England and Wales.

Irish voters have decisively voted in favour of marriage equality, making Ireland the first country to do so through the ballot box. This was a victory of the future against the past, of the young against the old, of reason against ignorance, of the forward-looking urban areas against the old backward rural Ireland.

The coming to power of a new Tory government opens a new stormy chapter in Britain. This is not only the conclusion of the Marxists but also of the strategists of capital: