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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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.

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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.

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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

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The German constitutional court has just issued a ruling on the legality of Eurozone bailouts, where it upheld the country’s involvement in multi-billion rescue funds. The decision was anxiously anticipated by debt-ridden states highly dependent on the bailout packages. RT’s Daniel Bushell reports. Meanwhile in Italy and Spain thousands of people hit the streets to protest their governments’ fresh austerity measures.Italy’s 45-billion-euro package welcomed by the EU includes among other things new tax hikes and raising the retirement age for women. And in Spain, the rallies came ahead ofa crucial vote by its Senate on amending the constitution to limit national debt. Unions and rights groups say the debt cap would decimate the welfare system and hurt the most vulnerable. Writer and journalist Miguel-Anxo Murado believes it’s the markets that should be made responsible for Spain’s current predicament, not the people. With the financial turmoil raging around Europe, calls are growing for the worst-hit economies to abandon the euro and return to their old national currencies. But German economic analyst Michael Mross tells RT that the only solution to the crisis is if STRONG economies leave the Eurozone. RT on Twitter: twitter.com RT on Facebook: www.facebook.com

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Thousands of protesters are packing out central Madrid, angry at the economic woes engulfing Spain. Demonstrators from all across the country have been marching for weeks, to demand quick action to deal with the country’s debt and mass unemployment. RT’s Irina Galushko is in Madrid to hear what the protesters now known as the ‘indignants’ have to say RT on Twitter: twitter.com RT on Facebook: www.facebook.com

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June 20 (Bloomberg) — Hans Humes, president of Greylock Capital Management, discusses Greece’s debt crisis and the prospects for restructuring its debt.
He speaks on Bloomberg Television’s “InBusiness With Margaret Brennan.” (Source: Bloomberg)

Duration : 0:3:28

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June 20 (Bloomberg) — Neil MacKinnon, an economist at VTB Capital Plc, talks about the outlook for the Greek debt crisis after European governments failed to agree on a payment to spare the country from default.
MacKinnon, speaking with Deirdre Bolton on Bloomberg Television’s “InsideTrack.” (Source: Bloomberg)

Duration : 0:5:6

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June 14 (Bloomberg) — James Nixon, co-chief European economist at Societe Generale, talks about the debt crisis in Greece and credit-default swap risk in Europe.
European finance chiefs are divided on how to involve private investors in a second bailout for Greece and stave off the euro area’s first sovereign default without running afoul of the European Central Bank. Nixon speaks with Tom Keene on Bloomberg Television’s “Surveillance Midday.” (Source: Bloomberg)

Duration : 0:4:49

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ReutersVideo–August 25, 2010–Ireland’s financial headache has worsened after Standard & Poor cut its credit rating in a move criticised by the country’s debt management agency.

Copyright Reuters 2010

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Standard & Poor S&P cuts downgrades downgrade Ireland Irish credit rating debt management austerity plan

Duration : 0:1:53

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