RT’s Sara Firth talks to Aris Hatzistefanou, author of the documentary “Debtocracy”, who casts doubt on the course EU leaders have chosen, to tackle the debt crisis. RT on Twitter: twitter.com RT on Facebook: www.facebook.com
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RT’s Sara Firth talks to Aris Hatzistefanou, author of the documentary “Debtocracy”, who casts doubt on the course EU leaders have chosen, to tackle the debt crisis. RT on Twitter: twitter.com RT on Facebook: www.facebook.com
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American comedian Remy Munasifi pokes fun at the current financial impasse in the US with his ‘Raise the Debt Ceiling’ rap, which has become an internet hit.
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Nov. 20 – Spanish voters head to the polls to elect their next parliament, which is expected to enact further austerity measures to save the country from an international bailout. Lindsey Parietti reports.
www.realwealthinvestor.com Chris Hendrickson Teaches Debt Counseling at Real Wealth Expo. San Diego Foreclosures and investment property Jan. 22-25 The Event is Free!
www.euronews.net The 52nd Thessaloniki Film Festival was held as Greece was hitting the headlines because of the country’s debt crisis and turmoil in the government. Stringent economies affected the festival but in spite of heavy budget cuts it staged a rich and eclectic programme, screening 150 feature films and documentaries from 53 countries during 10 days. Fifteen films were up for prizes in the main section of the festival with the winners from across Europe. And the organisers were also winners with audience figures up around 20 percent from last year.
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Brussels is pleased to see that Italy and Greece have changed their governments and picked technocrats to lead their countries through the euro crisis. Related story: www.euractiv.com European leaders have warmed greeted the appointment in Italy of former EU commissioner Mario Monti and of former European Central Bank Vice President Lucas Papademos in Greece. Monti made his name as the powerful Competition Commissioner who took on US corporate titans General Electric and Microsoft. Monti blocked plans for one the biggest mergers between two US corporate giants, General Electric and Honeywell, and has imposed massive fine on Microsoft. His technical expertise, sharp intellect and diplomatic skills and his refusal to bow to intense lobbying pressures made him one of the most highly regarded officials the Commission has seen. At the launch of EurActiv Italy last month, Monti argued that there is no crisis of the euro, because the symptoms of a weak currency, inflation and exchange rate, are not there. Instead Europe is going through a public debt and banking crisis, and that, he said, can only be tackled through rigorous structural reforms. While Italy’s problems have pushed the collapse of the much smaller Greek economy backstage, the IMF and European leaders will keep the new Prime Minister Papademos under pressure to implement radical reforms. Polls published in Sunday’s newspapers show Papademos has the support of three in four Greeks.