Capital Account - 11/7/11
Debt is the issue driving many of the top financial headlines now as Europe and the US have racked up too much of it. As Greece announces a political overhaul to try to reassure international creditors it can pay them, are these steps necessary to manage a sovereign debt crisis? Or are they serving the banks interests – with pressure from the US to protect its own banks, too? And what does this mean for Italy?
The burden of debt seems to be the connection between the crisis in Europe and the outrage on the streets of the US we see in the form of Occupy Wall Street. Do Americans have an avenue to fight back against their economic conditions? And speaking of fighting back, UK Prime Minster David Cameron got an unusual visitor in the British Parliament…RT's own Max Keiser!