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Exclusive: Ex-Greek PM George Papandreou on Fiscal Crisis and Why He Backs Occupy Movement

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Uploaded on Dec 9, 2011

www.democracynow.org - In an exclusive interview, Democracy Now! speak with former Greek Prime Minister George Papandreou, who is attending the U.N. Climate Change Conference 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.

To watch the complete daily, independent news hour, read the transcript, download the podcast, and for more reports from the U.N. Climate Change Conference in Durban, visit http://www.democracynow.org/tags/durb...

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