Glut: Storing Oil at a Loss; Greece in Need of Money

from Boom Bust

lass=”” >Anti-austerity protests take hold in Belgium as tens of thousands take to the streets in opposition. And the Eurogroup meets to discuss the Greek bailout as tension builds between creditors. Ameera David reports. Then, Boom Bust’s Bianca Facchinei details how Bank of America got out of paying penalties of a whopping $1.27 billion for mortgage-related misdeeds. Afterwards, RT correspondent Ashlee Banks talks to Ameera about the raiding of Google’s Paris headquarters on potential tax evasion charges.

After the break, Ameera is joined by Levy Economics Institute research associate Marshall Auerback to discuss the situation concerning Greece’s Troika debt and austerity program. And in the Big Deal, Edward Harrison and Ameera discuss whether the storage of oil in offshore tankers is a sign of speculation or a glut of oil supply.

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