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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Ann Lowe - African American fashion designer

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The Gwangju massacre

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The first 3D printer

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In 1983 Chuck Hull invented the first 3D printer. It could produce small plastic objects directly from a digital file on a computer. Instead of using ink the printer used plastic - adding layer upon layer to create an object. At first no-one was interested but now 3D printing technology is used widely, both by amateur hobbyists and industry. It's been taken up enthusiastically in the medical world to help separate conjoined twins and the next step is to help create human tissue for regenerative medicine. Photo: This tiny cup was the first thing made using a 3D printer, in 1983. Courtesy of Chuck Hull at 3D Systems.

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A unique way of life came to an end in Hong Kong in 1993 when Kowloon Walled City was demolished. When the rest of Hong Kong was a British colony, the seven acres of the Walled City were still nominally under the control of mainland China – but it became a lawless world of its own, a haven for gang crime and illegal dentistry. At one point it was one of the most of the most densely populated places the world has ever seen.Lucy Burns speaks to Albert Ng, who grew up in Kowloon Walled City, and urban designer Suenn Ho, who studied it before its demolition.PICTURE: Kowloon Walled City in January 1987 (Photo by South China Morning Post staff photographer via Getty Images)

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