Finally a Realistic Way to Get Debt Relief
The series resumed Friday 13 Jan. 2012 when Barbadian Tourism Minister Hon. Richard Sealy spoke on “The Effect of the Euro-Zone Debt Crisis on Tourism and International Business” at the “Errol Barrow Gallery”, DLP Headquarters, ‘Kennington’, George Street, Belleville, St. Michael
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.
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.
Is the eurozone bound to fall apart? Who will cling to the euro till the very end? Is the exit strategy becoming as appealing as the entrance strategy once was? Or will the eurozone withstand the threat of contagion? CrossTalking with Karel Lannoo, Claire Hill and Robert Oulds. CT on FB: www.facebook.com
Financial woes continue across the United States and around the world.
www.euronews.net Public sector workers have been out on the streets of Athens again, as they continue to lash out at economic reforms being demanded by the Greek government. Unions now say a planned general strike next week will be extended to 48 hours. As protestors crippled services in the capital, the Greek Prime Minister was meeting with European Council President Herman Van Rompuy in Brussels, to discuss his country’s financial woes.
Greece has enough money to pay pensions, workers’ salaries and bondholders through mid-November, the country’s finance minister said on Tuesday. The statement came as world stock markets slumped on fears of an imminent Greek debt default, which could bring down European banks and trigger another global recession. The Athens Stock Exchange general index tumbled by 6.3 per cent, while the main Europe markets fell almost three per cent. Jonah Hull reports from Athens, Greece’s capital, on how ordinary Greeks are feeling much of the economic pain of the debt crisis.
It is set to be another bouncy week for investors, wracked with worry about eurozone debt. But the weekend in Washington may have produced some promise. The annual meeting of the International Monetary Fund was attended by eurozone leaders. It was no time for small talk. There is a sense now that leaders appreciate the size of the problem. But political divisions could yet scupper a deal. Al Jazeera’s Jonah Hull reports from London.
Elizabeth Warren discussing the debt crisis, fair taxation and other important issues as part of her talking tour.
On this, the Sunday Edition of the Alex Jones Show, Alex confronts the latest breaking news and takes on important issues facing the nation including the debt ceiling theater and the high drama of Democrats and Republicans as the republic slips further into economic troubled waters. Alex also takes your calls. www.infowars.com www.prisonplanet.tv www.infowars.net www.prisonplanet.com