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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Germans kidnapped by Nicaragua's rebels

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In June 2007, an Iraqi court ruled that a 1980s campaign by Saddam Hussein against the Kurds was genocide. More than 100,000 Kurds were killed in chemical attacks and mass executions, and their villages destroyed, during the five-month Anfal campaign. Saddam Hussein's cousin, Ali Hassan al-Majid, who was the architect of the campaign, was executed for his part in it in 2010. Picture: Ali Hassan al-Majid in court during the Anfal trial in Baghdad, November 2006 (Credit: AFP/Getty Images)

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Catch-22

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Joseph Heller's funny, tragic satirical anti-war novel was published in 1961 and sold millions. For many it epitomised the growing anti-establishment mood of the 1960s. Heller had served in a bomber squadron during World War Two. Though his experiences provide the setting for the book, its target was actually the America of the 1950s. Using interviews with the author from the BBC archive, Alex Last tells the story behind Catch-22. (Photo: A first edition of Catch-22 by Joseph Heller, published by Simon and Schuster. Credit: Abe Books)

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