Tuesday, 22 May 12
Greece is entering a new phase of uncertainty.
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Greek citizens have lashed out at austerity measures, punishing the political parties that support the tough conditions. Yet at the same time, the majority of Greeks say they want to stay in the Eurozone.
Power-sharing talks have collapsed, triggering a new round of elections and increasing doubts that Greece can make enough reforms to prevent the Eurozone – the world’s largest currency union – from breaking apart.
The drawn-out deadlock and the prospect of an anti-austerity party gaining power are making markets around the world jittery.
In this episode, Insight crosses live to Greece, Germany and elsewhere in Europe, bringing in politicians, economists and ordinary citizens to talk about the state of play, whether the tough economic medicine is the right approach, and whether the backlash in Greece could spread to other countries.
Producers: Jane Worthington and Fanou Filali
Associate Producers: Scott Mitchell and Hannah Meagher
Meet the Guests