The Great Euro Crash (BBC Business Report)
For more than two years Europe has teetered on the edge of an economic precipice – one of the factors that has pushed Britain back into recession. How exactly did Europe get itself into the current financial mess? Talking to historians, economists and politicians, BBC business editor Robert Peston takes a long view of the euro – from Churchill’s vision of a United States of Europe to the bail-outs of Greece, Portugal and Ireland. Meeting a property developer in Ireland, a taxi driver in Rome and a German manufacturing worker, the film exposes the high cost being paid by European workers today for the dream of monetary union – and how close Europe came to a complete banking meltdown. The crisis could yet claim another victim – Britain, with its vast financial sector, would be dragged down by the collapse of the euro. The cost for saving the euro may be high, but the alternative would be a return to the economic mayhem of the 1930s.
Will the eurozone collapse?
Mario Draghi, the head of the European Central Bank (ECB), has told European politicians that they should do a lot more to tackle the debt crisis. He says the current setup is unsustainable and has urged member states to take immediate action towards developing a clear vision for the next few year.
Europe on the Brink
In this documentary, Wall Street Journal editors and reporters examine the origins of Europe’s debt crisis and why it spread with such ferocity to engulf much of the continent and threaten the entire world.
Germany, Europe’s economic powerhouse, has been seen as totally safe, solid and stable. But its weak bond sale auction recently has sparked fears that the debt crisis is beginning to threaten Europe’s strongest economy.
As the debt crisis in Italy is sending shockwaves across Europe, we ask if radical change is the only way forward. inside Story discusses with guests Nicola Rossi; Georgi Gotev; and Adam Myers.
The Future of the Eurozone
Experts reflect on the effects of the economic turmoil in Greece and Italy on the Eurozone and discuss the political dimension in resolving the crisis. This symposium is presented by the Maurice R. Greenberg Center for Geoeconomic Studies and is made possible through the generous support of Stephen C. Freidheim.
The Future of the Eurozone
How will the Eurozone economies emerge from the euro crisis?
• François Baroin, Minister of Economy, Finance and Industry of France
• Luis de Guindos Jurado, Minister of Economic Affairs and Competitiveness of Spain
• Olli Rehn, Vice-President, Economic and Monetary Affairs, European Commission, Brussels
• Wolfgang Schäuble, Federal Minister of Finance of Germany
Moderated by
• Maria Bartiromo, Anchor, Closing Bell, and Anchor and Managing Editor, Wall Street Journal Report, CNBC, USA
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