Greece’s debt crisis
Witness History16 Heinä 2025

Greece’s debt crisis

It was a week that brought the future of Greece and the Eurozone to the brink. Ten years ago, on 6 July the Greek people voted against the terms of a financial bailout which included raising taxes and slashing welfare spending.

Greece owed €323bn to various countries and banks within Europe. Its banks were closed. A quarter of the population and half of Greece’s young people were unemployed.

The morning after the vote, Euclid Tsakalotos was brought in to replace Yanis Varoufakis as finance minister. His predecessor had accused European leaders of “terrorism” in their handling of the crisis. Parachuted in to last-ditch talks with angry European leaders, Euclid Tsakalotos describes to Josephine McDermott the make-or-break 17-hour summit in Brussels.

He reveals that when Angela Merkel, the leader of Greece’s biggest lender Germany, said she was leaving the room because she could not accept what was on the table, Donald Tusk, president of the European Council, actually locked the door to stop her leaving and force an agreement to be reached.

Eye-witness accounts brought to life by archive. Witness History is for those fascinated by the past. We take you to the events that have shaped our world through the eyes of the people who were there. For nine minutes every day, we take you back in time and all over the world, to examine wars, coups, scientific discoveries, cultural moments and much more.

Recent episodes explore everything from football in Brazil, the history of the ‘Indian Titanic’ and the invention of air fryers, to Public Enemy’s Fight The Power, subway art and the political crisis in Georgia. We look at the lives of some of the most famous leaders, artists, scientists and personalities in history, including: visionary architect Antoni Gaudi and the design of the Sagrada Familia; Michael Jordan and his bespoke Nike trainers; Princess Diana at the Taj Mahal; and Görel Hanser, manager of legendary Swedish pop band Abba on the influence they’ve had on the music industry. You can learn all about fascinating and surprising stories, such as the time an Iraqi journalist hurled his shoes at the President of the United States in protest of America’s occupation of Iraq; the creation of the Hollywood commercial that changed advertising forever; and the ascent of the first Aboriginal MP.

(Photo: A queue outside a bank in Greece in 2015. Credit: Getty Images)

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Chief Albert Luthuli wins the Nobel Prize for Peace

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In 1920 a German filmmaker called Arnold Fanck shot his first film - 'Marvels of the Snowshoe' - high in the mountains. He and his team dragged cameras on sledges to reach the highest peaks. They even attached cameras to their skis to make the early action films. Johannes Dell has been watching some of those films and talking to his grandson Matthias Fanck.Photo: A still from one of Fanck's early Mountain Films. Copyright: Matthias Fanck.

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In 1944, Nazi Germany launched the V1s against the UK. The V1 was a pilotless, jet-propelled flying bomb - the first of its kind in the world and a precursor to the modern cruise missile. The V1 was also the first of Hitler's secret "revenge weapons" which he hoped would change the course of the Second World War. Some 10,000 V1s were fired at the UK. They killed more than 6,000 people and injured 20,000 more. Using archive recordings we hear from civilians who survived V1 attacks and from those tasked to stop the flying bombs. Photo:A German V1 or 'Doodlebug' pilotless flying bomb in flight, circa 1944. (Photo by Keystone/Hulton Archive/Getty Images)

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The slaves who defeated Napoleon

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The first successful slave uprising in modern times happened in present-day Haiti. Former slave, Toussaint Louverture, forced the French colony to abolish slavery in 1794. The rebellion sent shock waves across America and Europe and made its leader famous around the world. France eventually lost its colony completely when its great military leader, Napoleon, was defeated by the former slaves. They then created the world's first black republic, which they named 'Haiti' from the indigenous Taino language. Claire Bowes has been speaking to Sudhir Hazareesingh, who's written a biography of Toussaint Louverture.Image: Toussaint Louverture - portrait after lithograph by Delpech. Courtesy of Culture Club/Getty Images

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A controversial law banning Islamic headscarves and other religious symbols from French state schools came into effect in 2004. The ban was designed to maintain France's tradition of strictly separating state and religion. It resulted in many Muslim girls being excluded from the classroom. Farhana Haider has been speaking to Ndella Paye a Muslim mother and activist who campaigned against the law.Photo: 2004 February Demonstration in Paris against the French law forbidding manifestation of religious symbols in schools and workplace. Credit Owen Franken/Corbis via Getty Images

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Dr Naziha Al-Dulaimi became the first woman to hold a ministerial office in the Arab world when she was appointed to head Iraq's Municipalities Ministry in 1959. As a minister, Dr Al-Dulaimi set about clearing some of Baghdad's slum areas, creating the first public housing projects. A leading feminist, she was also the driving force behind a secular Civil Affairs Law, that liberalised marriage and inheritance laws for Iraqi women. Mike Lanchin has been hearing about her from Mubejel Baban, a friend and former colleague of Dr Al-Dulaimi - and from her nephew, Dr Layth Al-Delaimy.Photo:Dr Naziha Al-Dulaimi, 1950s (courtesy of the Al-Dulaimi family)

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