[It's going to be a hard pull if…]
Socialist Press1979 1979-11-28Read it in the scan (PDF), scan page 12 →
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It's going to be a hard pull if we are to reach our £750 target by the weekend. With only £601.73 in, we are left with £148.27 to find in the next few days.
Our thanks, this week to Castleford miners Alan and Bob among other readers who contributed to the fund.
Christmas time is expensive for everybody, but we must not let our fund slip. So can we have a supreme effort to clear the outstanding November fund and get a really early start to the December fund which we must try and raise before the Christmas holidays start.
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Socialist Press Monthly Fund Published by Folrose Ltd Printed by Anvil Printers, He al *On top of this the Iranian default on the $500 million loan -the first major default since the war-threatens to pull out the plug on a network of related loans. The main casualties now that the US has confiscated $8 billion of Iranian assets would be West European banks.
*The Iranian refusal to meet foreign debts adds a new dimension to this situation: it could even spell bankruptcy for sections of Western banking, or precipitate a chain reaction in which loans all over the world are suddenly called in.
Semi-disbelief
So far the potentially explosive consequences of these moves have been held back, as bankers wait in semi-disbelief, trying to assess whether or not the Iranian regime will be enticed back from the brink,