Debt Crisis: Europe's Savage Austerity Measures

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November 22, 2011
02:17

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Debt Crisis: Europe's Savage Austerity Measures
by grtv

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.

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