Ex-Greek PM George Papandreou on Greece's Fiscal Crisis and Why He Backs Occupy Movement

In an exclusive interview, we speak with former Greek Prime Minister George Papandreou, who is attending the U.N. climate change summit in Durban, South Africa. Papandreou was forced to resign last month when he suggested holding a national referendum to allow the Greek people to have a say in whether they would accept the European Union's bailout plan which would necessitate severe austerity cuts. We speak to Papandreou about the financial crisis, the role of banks and the importance of the growing Occupy Wall Street movement. "The Occupy Wall Street movements ... are saying something very, very specific. That inequality in the end is an inequality of power. And we need to redistribute power, not just money. Power ---- and this is I think the Democratic challenge that we have today," Papandreou says.

Category:

News & Politics

Tags:

• George Papandreou
• Occupy Wall Street
• OWS
• Democracy
• Redistribution of Wealth
• one percent
• 99%
• ninety nine percent

[neo19158]

zion puppet jew and socialist destroyed greece i wish he faces justice

[bcbsil12]

@neo19158 He didn't destroy it. The super rich puppet masters (possibly zionists, agreed) are destroying the economies of the entire world. I wouldn't lay it in the lap of any one individual. He didn't repeal the laws that enabled the American Financial institutions to perpetrate fraud and grand theft upon the middle classes of the world, and get away with it. Blame George Bush Sr. and Bill Clinton for that if you MUST blame politicians.

[neo19158]

@bcbsil12 Yes thats the bigger picture as you present it and i agree,Papandreou knew about the economy he was in and out of goverment for decades.He acted like a broker rather than a patriot although he was promised a loan from Putin with only 1-2% he tricked us into IMF usury austerity poverty loss of economic sovereignty.Of course the elite have designed all this crisis to introduce global governance,through death and the suffering of the poor the elite will have their new empire of filth.

[bcbsil12]

@neo19158 They're stupid. They don't take into account the law of unintended consequences. Everyone is better off, including them, with a strong supportive middle class with means to spend and keep an economy strong. When they achieve the neo-serfdom they seem to desire, when there is no longer a friendly middle class, but rather a mass of human poverty and rage, there will be consequences, and they will not be pleasing to them.

[EffLabels]

I like George