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IMF protesters at Washington Circle hotel call for Greek/Portugese debt repudiation

A little after 7PM on the 24th of September, as IMF delegates in the Washington Circle Hotel were probably settling in to stuff themselves full of foods many in DC could never afford to eat, protesters outside denounced attempts by the European banks to collect on the debts of Greece and Portugal at the expense of imposing austerity programs.
The protest was held in solidarity with those fighting in Greece and Portugal against these austerity programs. These programs and a "bailout" (with many strings attached) for Greece are the top agenda items at this round of IMF and World Bank protests. Their greatest fear is that a Greek sovereign default, followed by a similar sovereign default in Portugal, could bring the whole banking system crashing down-an outcome protesters were calling far preferable to pay cuts and tax hikes for the working class.

This particular protest was organized by a

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Added: Sep-25-2011 Occurred On: Sep-24-2011
By: dcdirectactionnews
Other News
Tags: IMF, World Bank, sovereign default, Occupy Wall Street
Location: Washington, District of Columbia, United States (load item map)
Views: 3194 | Comments: 1 | Votes: 0 | Favorites: 0 | Shared: 1 | Updates: 0 | Times used in channels: 2
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