Latest update: 12/05/2011 

- bailout - debt - economy - euro - eurozone - Greece


My big fat Greek bailout - but will Europe pay?

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While Markus Kerber in Berlin argues that "only Greece can save Greece" by quitting the eurozone, Athens University’s Yanis Varoufakis rebuts that this would trigger a disastrous domino effect for the whole continent.

DEBATE
  • Raquel GARRIDO, National Secretary for Parti de Gauche.
  • Yanis VAROUFAKIS, Economics Professor, Athens University (from Athens)
  • Markus C. KERBER, Professor of Political Economics, Technische Universität of Berlin (from Berlin).
  • Vanessa ROSSI, International Economics Fellow, Chatham House think-tank (from London).

Watch the second part.

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Fifteen months after Hosni Mubarak's fall, the second act of Egypt's revolution is underway. Millions of Egyptians are choosing a president in the first free elections in the country's 5,000-year history. Douglas Herbert and his panel discuss whether the newly elected president will have a chance of healing divisions while tackling poverty and fighting violent crime.
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What's the deal in Mali?
22/05/2012 - THE DEBATE

What's the deal in Mali?

Is Mali’s freshly-signed agreement to restore democracy in doubt? Malians express shock after the beating of their interim president by supporters of the junta that could have been stopped, say François Picard’s guests.

Comments (1)

Greece already damaging €

by Anonyme - 12/05/2011 - 10:03

We dont have to wait for a disastrous domino effect by Greece quitting the eurozone, we got it already! I am an old age pensioner, living in a non € Scandinavian country, my pension being paid in €. As a result of the financial crisis, the € loss in value, my monthly pension has diminished by 20% as I need to convert into local currency. My € savings diminished as well, and the interest meant to supplement my meagre € 1,100 before tax, has crept to 0,7%, minus 30% tax! On my pension I also pay 28% in tax, as well as 25% in VAT on everything I consume. Talk about austerity! I believe austerity is worse in the countries which are contributing to Greece's bailout, than for the Greek themselves. There is no tax moral in Greece, not a single business on Crete would accept card payment last year! The EU countries with a high tax morale make their inhabitants pay for the greedy Greek.

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