Tuesday, November 22, 2011
Debt Crisis: Europe's Savage Austerity Measures
Source: RT
Across the European Union - the ongoing debt crisis
has sparked an upheaval in the bloc's political landscape. From Greece
to Italy, unelected Eurocrats are on the ascendant - as democracy gives
way to a desperate struggle for economic survival.
Wasting little time, Mario Monti unveiled his new
strategy the very day he took office - more austerity, more cuts, and
more tax hikes. But markets are far from convinced - with debt interest
rates across the EU reaching catastrophic levels this week.
RT's Daniel Bushell reports.
Labels:
Banksters,
Central Banks,
Daniel Bushell,
Economic Crisis,
EU,
Greece,
Italy,
Monti,
RT,
Video
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