Greece’s debt crisis
Witness History16 Jul 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.

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

Episoder(2000)

The World Festival of Black Arts

The World Festival of Black Arts

in April 1966 thousands of artists and performers from all over Africa descended on the Senegalese capital, Dakar, for the first World Festival of Black Arts. Ibrahim el-Salahi and Elimo Njau are two leading African artists who took part in that first festival. The spoke to Ashley Byrne in 2016Photo: Poster from the first World Festival of Black Arts.

26 Mai 20229min

The museum of banned Russian art

The museum of banned Russian art

In 1966, a Russian painter and archaeologist, Igor Savitsky, created a museum in the remote desert of Uzbekistan, where he stored tens of thousands of works of art that he had saved from Stalin's censors. The Savitsky museum, in Nukus, is now recognised as one of the greatest collections of Russian avant-garde art in the world. In 2016, Louise Hidalgo spoke to the son and grandson of one of the artists, Alexander Volkov, whose work Savitsky saved. (Photo:the Karakalpak Museum of Art, home of the Savitsky art collection. Credit: Chip HIRES/Gamma-Rapho via Getty Images)

25 Mai 20229min

The last days of Frida Kahlo

The last days of Frida Kahlo

The great Mexican artist, Frida Kahlo, died in 1954, at the age of 47. The art critic, Raquel Tibol, lived in Frida's house during the last year of the artist's life. In 2014 she spoke to Mike Lanchin about the pain and torment of Kahlo's final days.PHOTO: Frida Kahlo at her home in Mexico City in 1952 (Getty Images)

24 Mai 20229min

Meeting Picasso

Meeting Picasso

In the summer of 1951 a young art historian called John Richardson met one of the greatest painters of the modern era. Richardson was part of Picasso's circle in the South of France for the rest of the 1950s and then spent the rest of his life writing the definitive biography of the Spanish artist. John Richardson spoke to Laura Sheeter in 2011. He died in 2019.PHOTO: Pablo Picasso in Cannes in 1955 (Getty Images)

23 Mai 20229min

The murder of Kelso Cochrane

The murder of Kelso Cochrane

In May 1959, Kelso Cochrane, a carpenter who'd emigrated to Britain from Antigua, was knifed to death by a gang of white youths in West London. The unsolved murder came at a time of racial tension in the area and led to the first official inquiry into race relations in British history. For its part, the large Caribbean community in West London responded by creating the cultural festival that became the Notting Hill Carnival. Claire Bowes talks to Victoria Christian, a friend of Kelso Cochrane.PHOTO: The funeral of Kelso Cochrane in 1959 (Hulton-Deutsch Collection/CORBIS/Corbis via Getty Images)

20 Mai 20228min

Chasing the Marcos millions

Chasing the Marcos millions

The former president of the Philippines Ferdinand Marcos Senior is thought to have plundered a huge amount of public money during military rule in the 1970s and '80s. He spent the fortune on foreign properties and the luxury lifestyle enjoyed by his wife, Imelda Marcos. American lawyer Robert Swift has spent decades trying to recover that money so it can paid out as compensation to the thousands of Filipinos who were imprisoned or tortured during martial law. He spoke to Matt Pintus.(Photo: Imelda Marcos and Ferdinand Marcos Senior in Manila in 1977. Credit: Getty Images)

20 Mai 20228min

Shanghai at War

Shanghai at War

In 1937, Japanese forces entered Shanghai - spelling the end of a period when the Chinese city had been a thriving commercial centre governed by international powers and known as the "Paris of the East". During the eight-year Japanese occupation, local people in Shanghai endured starvation and brutal treatment; while foreigners scrambled to escape as their lifestyle of servants and glamourous parties slowly disappeared. Josephine McDermott speaks to Liliane Willens, who lived through the invasion and occupation of Asia's most international city.PHOTO: Japanese troops in Shanghai in 1937 (Ullstein Bild via Getty Images)

19 Mai 20229min

The first McDonald's in Moscow

The first McDonald's in Moscow

Following the closure of McDonald’s in Russia, we’re going back to January 1990 when the global fast food giant opened its first restaurant in Moscow. In 2015, Mike Lanchin spoke to George Cohon, the man who brought the Big Mac to what was then the communist USSR, and to Sveta Polyakova, one of the first locals to work there.PHOTO: A Soviet police officer outside the first McDonald's (Getty Images)

18 Mai 20229min

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