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)

Chandigarh: India's city of the future

Chandigarh: India's city of the future

After the trauma of Partition in 1947, India's first Prime Minister Jawaharlal Nehru persuaded the maverick Swiss-French architect, Le Corbusier, to build a new capital city for the province of Punjab. He hoped the project would symbolise a newly-independent, forward-looking India. Le Corbusier had revolutionised architecture and urban planning in the first half of the twentieth century. He was loved and hated in equal measure for his modernist approach, favouring flat roofs, glass walls and concrete. In 2016, Claire Bowes spoke to Sumit Kaur, former Chief Architect and lifelong resident of Chandigarh, about the legacy left by Le Corbusier.(Photo: The Chandigarh Legislative Assembly building. 1999. Credit: John Macdougall/AFP)

15 Mars 20229min

The Frauenkirche - Dresden's symbol of war and reconstruction

The Frauenkirche - Dresden's symbol of war and reconstruction

In 2005 Dresden’s Lutheran church, the Frauenkirche, opened its doors to the public for the first time in 60 years. The Frauenkirche in the East German city of Dresden was destroyed in 1945 by British and American bombing. The church remained in ruins for over 40 years. Then, in 1993, a painstaking project began to piece the church back together and restore it to its former glory. Josephine Casserly talks to Thomas Gottschlich who was one of the architects leading the reconstruction.PHOTO: Ruins of the Frauenkirche in Dresden, Germany after the WWII bombing in 1945. (Probst/Ullstein Bild via Getty Images)

14 Mars 20229min

The Wages for Housework campaign

The Wages for Housework campaign

They called it "The only work you never retire from, the only work you never get paid for" and in 1972 the Italian Marxist Feminist group Lotta Feminista tried to change that. Inspired by the work of feminist theorist Mariarosa Dalla Costa, they launched an international campaign for women to be paid for housework. The movement argued that if home-making stopped, our entire economic system would grind to a halt. Claire Bowes speaks to one of the leaders of Wages for Housework, Leopoldina Fortunati, about their revolutionary campaign and how its roots go back as far as the 19th century.PHOTO: Wages for Housework leaders Mariarosa Dalla Costa (left) and Leopoldina Fortunati (centre) at a rally in the 1970s.

11 Mars 202211min

Iranian Nobel laureate Shirin Ebadi

Iranian Nobel laureate Shirin Ebadi

In 2003, human rights lawyer Shirin Ebadi became the first Iranian and the first Muslim woman to be awarded the Nobel Peace Prize. Six years later, she was forced into exile from Iran. Dr Ebadi has been talking to Louise Hidalgo about the award, her work and the personal price she's had to pay for it.Picture: Dr Shirin Ebadi arriving back at Tehran airport after hearing that she'd been awarded the Nobel Peace Prize, October 2003 (credit: Mohamad Eslami Rad/Getty Images)

10 Mars 20229min

The Australian women who protested against the Vietnam war

The Australian women who protested against the Vietnam war

Five Australian women made front-page news when they were sent to Melbourne's Fairlea Prison for protesting against the Vietnam War in 1971. The women were part of the Save Our Sons movement, which campaigned to stop Australians being conscripted to fight in the conflict. Their jailing sparked protests outside the prison and across Australia, and is credited with helping turn public opinion against conscription. Jean McLean -- nicknamed the "Blonde Bombshell" by the Australian tabloids -- was one of the Fairlea Five. She tells Josephine McDermott about their campaign - and the time she and a would-be conscript got in a car chase with military security. PHOTO: A protest by the Save Our Sons movement (Getty Images)

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Russia's war in Georgia in 2008

Russia's war in Georgia in 2008

In August 2008, Russia went to war with another former Soviet republic, Georgia. The conflict began after Georgia attempted to recapture the breakaway region of South Ossetia, which had fought a separatist war with Tbilisi during the 1990s. As fighting escalated, Russia sent in troops - seizing control of South Ossetia and also of Georgia's other breakaway region, Abkhazia. The five-day war ended in humiliation for Georgia - several towns, a Black Sea port and military airfields were bombed by the Russian air force. Several hundred people were killed and thousands of ethnic Georgians displaced. Nick Holland reports.PHOTO: Russian troops on their way to South Ossetia in 2008 (Getty Images)

4 Mars 20229min

The takeover of NTV in Russia

The takeover of NTV in Russia

NTV, the only nationwide independent TV channel in Russia, was taken over in April 2001. It lost its independence despite a vigorous protest campaign mounted by its staff. In 2017, Dina Newman spoke to the head of NTV at the time, Yevgeny Kiselev.PHOTO: An NTV broadcast in 2001 (Getty Images)

3 Mars 20229min

Boris Yeltsin's surprise resignation

Boris Yeltsin's surprise resignation

On New Year's Eve 1999 the Russian President went on TV and announced he was leaving office. Tired and emotional, he apologised to the people for the state of the country. Boris Yeltsin's departure paved the way for his chosen successor, Vladimir Putin. Dina Newman spoke to the former Russian president's widow, Naina Yeltsina, about that day.PHOTO: Boris Yeltsin in 1999 (Getty Images)

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