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)

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Mars-500 isolation experiment

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Alva Myrdal - the woman who made modern Sweden

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In 1982, the Swedish social reformer, writer and diplomat, Alva Myrdal, was awarded the Nobel Peace Prize for her work on nuclear disarmament. She was only the 7th woman in history to win the award, which she received jointly with Mexican diplomat Alfonso Garcia Robles. In the 1930s and 40s, Alva Myrdal had, with her husband Gunnar Myrdal, developed the ideas behind Sweden's famed welfare state which had transformed Sweden into the modern country we know today. She was also the first woman to be given a senior post at the United Nations. Alva Myrdal's daughter Kaj Foelster has been telling Louise Hidalgo about her mother's life and work.Picture: Alva Myrdal in 1976 on the publication of her book The Game of Disarmament (credit: Keystone/Getty Images)

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Jane: The underground abortion network

Jane: The underground abortion network

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