Greece’s debt crisis
Witness History16 Juli 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)

Avsnitt(2000)

Disney animators' strike

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In 1979, British public sector workers went on strike over pay. Among those taking industrial action were gravediggers. But the media, politicians and even their own families turned against them at the thought of bodies being left unburied. Claire Bowes spoke to the gravediggers’ convener Ian Lowes in 2011. (Photo: Protestors during the 'Winter of Discontent'. Credit: Getty Images)

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The beginnings of Notting Hill Carnival

The beginnings of Notting Hill Carnival

On 30 January 1959, the late Trinidadian activist Claudia Jones held a Caribbean party in St Pancras Town Hall in London, planting the seeds for the famous carnival.She wanted to bring Caribbeans across the UK's capital together for dancing, singing and steel bands. Rachel Naylor hears from her best friend, Corinne Skinner-Carter.(Photo: A woman having a good time at Claudia Jones' Caribbean carnival, at St Pancras Town Hall in London, 1959. Credit: Daily Mirror via Getty Images)

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The Harder They Come

The Harder They Come

In 1972, a low-budget Jamaican film and its legendary soundtrack helped popularise reggae music in the world. Ben Henderson speaks to one of the most famous reggae artists ever, Jimmy Cliff, who played the film's protagonist and wrote a number of the songs. Jimmy explains why the film was so popular and how it reflected his own life.'The Harder They Come' was produced by International Films Inc.(Photo: Jimmy Cliff in 'The Harder They Come'. Credit: Michael Ochs Archives via Getty Images)

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The fall of Slobodan Milosevic

The fall of Slobodan Milosevic

On 5 October 2000, protests in the Yugoslav capital Belgrade spiralled into an attack on the parliament building. Hours later President Slobodan Milosevic stood down. Mark Lowen spoke to Srdja Popovic - one of the leaders of the student-led opposition movement - in 2010.(Photo: Demonstrators and police at the Belgrade parliament. Credit: Getty Images)

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The release of Gilad Shalit

The release of Gilad Shalit

On 18 October 2011, Israeli solider Gilad Shalit was freed after spending over five years in captivity in Gaza. His release was part of a controversial prisoner exchange which saw more than 1,000 Palestinian prisoners freed from Israeli jails. Alex Collins talks to Israeli spy, David Meidan, who was successful in negotiations where others had failed.(Photo: Gilad Shalit and David Meidan standing directly behind him. Credit: IDF via Getty Images)

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The funk and soul club that changed Manchester

The funk and soul club that changed Manchester

In 1962, Nigerian man Phil Magbotiwan opened a brand new nightclub in Manchester, England. In part because of his own personal experiences of racism, Phil wanted to create somewhere where everyone would be welcome – Manchester’s first racially inclusive nightclub. The Reno was born. The nightclub became a particularly important space for Manchester's mixed heritage community, who felt unwelcome in city centre venues. Phil’s youngest daughter, Lisa Ayegun shares her memories, of the Reno and her dad, with Matt Pintus.This programme contains descriptions of racial discrimination.(Photo: Phil Magbotiwan (right) standing in front of the Reno nightclub in Manchester. Credit: The Magbotiwan family)

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Dassler brothers’ rift

Dassler brothers’ rift

In 1948, brothers Adi and Rudi Dassler who lived in a small German town fell out. They went on to create globally renowned sportswear firms Adidas and Puma. Adi Dassler played a crucial role in West Germany's victory in the 1954 World Cup with his game-changing footwear. Reena Stanton-Sharma hears from Adi Dassler’s daughter Sigi Dassler, who remembers her dad’s obsession with sports shoes and talks about her fondness for rappers Run-DMC who paid tribute to her dad’s shoes in their 1986 song My Adidas.(Photo: Adi Dassler. Credit: Brauner/ullstein bild via Getty Images)

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