Friday, August 18, 2017

Boom Bust examines the Greek crisis, its history, humanitarian crisis and Grexit possibilities [Video]

The Boom Bust team of Erin, Edward, Bianca, and Ameera focus an entire program on Greece, and its place in (or out) of the Euro. The show gives an excellent recap and history of how Greece go into the bind it finds itself in today, and what options await the battered and beaten South European country.

Greece’s rock star finance minister Yanis Varoufakis has been hitting at the wrong cords. Since his leftwing Syriza party came into power in January, it’s been a tumultuous ride for the finance ministers that everyone seems to-love-to-hate. As a result, Greek Prime Minister Alexis Tsipras announced on Monday that he had “reshuffled” the team handling talks with European and IMF leaders. Erin weighs in.

Then, Erin is joined by RT correspondent Ameera David to discuss what impact the Greece bailout agreement would have on US markets and European politics.

After the break, Bianca gives us a look into Greece’s timeline of economic crisis and how it’s resulted in a humanitarian crisis.

Afterwards, Erin sits down with Edward to discuss the chances of a Grexit and how austerity works.

And in The Big Deal, Erin, Edward, Bianca, and Ameera continue the discussion on Greece, specifically on why (some) people love Yanis Varoufakis and what kind of industries Greece can rely on in their time of economic crisis.

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