Pyongyang, November 27 (KCNA) -- The Afro-Asian People's Solidarity Organization (AAPSO) in a statement on Nov. 23 said that the citadel of capitalism is shaking as the capitalist crisis is expanding to a new scope.

The ruling parties were defeated in Italy, Greece, Spain and Portugal due to the debt issue, dealing a heavy blow at the whole continent of Europe, the statement said.

The impossible settlement of the debt issue is arousing big concern in the U.S., too, it noted.

Now the chief executive of a Western country is begging for funds needed for economic recovery from an African country, its former colony, it said, adding this is a miserable lot of the West.

Condemning the police for cracking down on the demonstrators against Wall Street in New York, it stressed that AAPSO is standing firm on the side of the people's movement and expresses solidarity with them in the worldwide movement against the greed of the world monopolies.