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.

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

Avsnitt(2000)

The Bauhaus

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The siege of Dien Bien Phu

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Jack Ma: The founder of Alibaba

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The Malayan Emergency

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The sinking of the Belgrano

The sinking of the Belgrano

The Argentine ship, General Belgrano, was sunk by a British submarine during the Falklands War on 2nd of May 1982. 323 people died in the attack. Dario Volonte, now an opera singer, was one of the survivors and he spoke to Louise Hidalgo about the attack.Photo: The General Belgrano. Credit: Getty Images

2 Maj 20199min

The Arctic African

The Arctic African

Tété-Michel Kpomassie, grew up in West Africa but he was obsessed with the Arctic. When he was 16 years old he ran away from his village in Togo determined to reach Greenland.. It took him eight years but in 1965, he finally arrived. He then went north to fulfil his dream of living among the indigenous people. Years later, he wrote an award-winning account of his odyssey, An African in Greenland, which has been translated into eight languages. Photo: Tété-Michel Kpomassie in Greenland in 1988.(BBC)

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In April 1915, Britain mourned when poet and national hero Rupert Brooke died on a troopship in the Dardanelles during World War One. Often compared to a Greek god because of his blond good looks, Brooke had written a series of famous sonnets that reflected the optimistic mood at the beginning of a conflict that would claim tens of millions of lives. Simon Watts introduces the memories of three of Brooke's friends, as recorded in the BBC archives.(Photo: Rupert Brooke. Credit: Culture Club/Getty Images)

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Ellen comes out

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Ellen DeGeneres came out as a lesbian publicly in April 1997 – and so did the fictional character she played in her self-titled sitcom. The Puppy Episode would be watched by more than 40 million people and represented a milestone for LGBT representation in popular culture.Lucy Burns speaks to the episode’s writer and executive producer Dava Savel.Picture: Comedian Ellen DeGeneres and actress Anne Heche attend the 49th Annual Primetime Emmy Awards on September 14, 1997 at the Pasadena Civic Auditorium in Pasadena, California. (Ron Galella, Ltd./WireImage)

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