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)

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Chairman Mao's Little Red Book

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On 11th February 1990 anti-apartheid leader Nelson Mandela walked free after spending 27 years in a South African jail. It was a day that millions of black South Africans had been waiting for and marked the beginning of the end of white rule. Fellow activist Valli Moosa remembers that day, and the hasty preparations to make it possible and tells Louise Hidalgo how things almost didn't go to plan.Picture: Nelson Mandela raises his fist in salute as he walks out of Victor Verster prison near Cape Town accompanied by his wife Winnie Mandela (Credit: Reuters/Ulli Michel)

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6 Feb 202011min

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In the early 1980s deaf children in Nicaragua invented a completely new sign language of their own. It was a remarkable achievement, which allowed experts a unique insight into how human communication develops. Mike Lanchin has been speaking to American linguist Judy Shepard-Kegl, who documented this process and says "our belief is that you are born with a language-ready brain". (Photo credit should read INTI OCON/AFP via Getty Images)

5 Feb 20209min

Cixi: China's most powerful woman

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The Empress Dowager Cixi ruled China for 47 years until her death in 1908. But it wasn't until the 1970s that her story began to be properly documented. She'd been vilified as a murderous tyrant, but was that really true or was she a victim of a misogynistic version of history? Prof Sue Fawn Chung was the first academic to go back to study the original documents, and found many surprises. She tells Rebecca Kesby the story of "the much maligned Empress Dowager". (Photo: Chinese Empress Dowager Cixi, portrait c1900. Credit: Ullstein bild/Getty Images)

4 Feb 202012min

London's first black policeman

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Norwell Roberts joined the Metropolitan police in 1967. He was put forward as a symbol of progressive policing amid ongoing tensions between the police and ethnic minorities in the capital. But behind the scenes, he endured years of racist abuse from colleagues within the force. Norwell Roberts QPM spoke to Alex Last about growing up in Britain and his determination to be a pioneer in the police force. Photo: London's first black policeman PC Norwell Roberts beginning his training with colleagues at Hendon Police College, London, 5th April 1967. (Hulton Archive/Getty Images)

3 Feb 202014min

The Treaty of Rome

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The treaty which established the European Economic Community was signed by six countries in 1957 - France, West Germany, Belgium, Italy, Luxembourg and the Netherlands. It was hoped that European countries would never go to war again, if they were tied together by economic interests. The treaty formed the basis for what is now the European Union.Photo: European leaders at the Palazzo dei Conservatori in Rome. Credit: Keystone/Getty Images

31 Jan 20208min

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