The big fat Greek debt crisis continues
The big, fat, Greek debt crisis continues as the country’s finance minister resigned from office. Yanis Varoufakis stepped down less than 24 hours after he helped his government win a referendum rejecting the bailout terms stipulated by the country’s international creditors. The resignation shocked those who expected him to resign only if the Greek people had voted yes on the referendum. Ameera David weighs in.
Bianca Facchinei takes a look at how the public responded to the Greek referendum. In the week leading up to the vote, supporters of the Syriza platform began protesting the proposed austerity measures in Athens. By Friday, solidary protests had broken out across Europe in Berlin, Paris, London, Dublin, and Rome.
In The Big Deal, Ameera is joined by Erin Ade to talk about how the Greek economic crisis plays in US hands. Erin looks at how the referendum results impacted the markets and if it has any impact on the US economy.
Ameera sits down with Edward Harrison, who is on the ground in Athens. Edward tells us how the referendum’s outcome will affect the negotiations ahead and if this is a decisive victor for Prime Minister Alexis Tspiras.
Edward also chats with James Galbraith – professor of government at the University of Texas in Austin and close friend of former Greek Finance Minister Yanis Varoufakis. James tells us why Yanis resigned after a no vote and gives us his take on the Syriza party’s position on austerity.
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