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.

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

Episoder(2000)

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The man who fed the world

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In 1970 the American scientist, Norman Borlaug, was awarded the Nobel Peace Prize for his pioneering work developing disease-resistant crops. At the time famine and malnutrition were claiming millions of lives across the world, particularly in South Asia. Dr Borlaug’s work meant countries like India were able to become self-sufficient. Critics said the new grain varieties were too reliant on chemical fertilizers, but it’s thought millions of lives were saved. Rebecca Kesby has been speaking to Professor Ronnie Coffman, student and friend of Norman Borlaug.(Photo: Dr Norman Borlaug in a field of wheat. Credit CIMMYT International Maize and Wheat Improvement Centre)

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By the 1980s a deadly cocktail of factory fumes and car exhausts had turned Mexico City into the world's most polluted city. Hundreds of thousands of people were falling ill each month, many of them children. The Mexican authorities came up with an ambitious plan to curb the use of each of the city's two million cars for one day a week. The scheme was an immediate success and has been copied in other major cities around the world. Ramon Ojeda Mestre, the environmentalist behind the Mexican initiative spoke to Mike Lanchin about overcoming fierce opposition to the plan.Photo: Cars driving through Mexico City. Credit: Alamy

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How a young American scientist began the work that would show how our climate is changing. His name was Charles Keeling and he meticulously recorded levels of CO2 in the atmosphere. His wife Louise and son Ralph spoke to Louise Hidalgo about him in 2013. (Photo: Thick black smoke blowing out of an industrial chimney. Credit: John Giles/PA)

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Britain's World War Two 'Brown Babies'

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The Bristol bus boycott

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In 1963 a small group of British black activists started a pioneering protest against racism within the local bus company in Bristol. It had specified that it did not want to employ black bus drivers. Inspired by the example of the US Civil Rights Movement the boycott ended in victory and led to the passage of Britain's first anti-discrimination laws.Paul Stephenson and Roy Hackett spoke to Louise Hidalgo in 2013 about their part in the protest.Photo: Park Street in Bristol in the early 1960s. (Credit: Fox Photos/Getty Images)

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