[QODLink]
Counting the Cost
The euro trigger
A look at Hungary's trip to the IMF, Armenia's export woes, and how the eurozone crisis prompted them both.
Last Modified: 26 Nov 2011 13:43

From periphery to the core, the eurozone fallout is spreading.

Hungary looks for more help from the International Monetary Fund (IMF) and the European Union (EU), as its debt sinks towards junk status.

The central European country is not a member of the eurozone, but its currency has fallen to a record low against the euro, resulting in soaring debt repayment costs for both the government and the public.

We also take a look at Armenia. It is a big exporter to Europe, but also to Russia, so it is getting hit by a double downturn without being part of the crisis area.

To dissect some different angles of the eurozone crisis, which have not necessarily been explored, we are joined by Alexander Currie, an expert on the legal implications of the current bailouts and the idea of a country leaving the eurozone; and Stephen King, HSBC's chief economist.

 

Counting the Cost can be seen each week at the following times GMT: Friday: 2230; Saturday: 0930; Sunday: 0330; Monday: 1630.

Click here for more on Counting the Cost.

Source:
Al Jazeera
Topics in this article
People
Country
Organisation
Featured on Al Jazeera
Western fighters have streamed into the Middle East to help 'liberate' Arab countries such as Syria and Libya.
The Pakistani government is proposing reform of the nation's madrassas, which are accused of fostering terrorism.
Weaving and handicrafts are being re-taught to a younger generation of Iraqi Kurds, but not without challenges.
The author argues that in the new economy, it's people, not skills or majors, that have lost value.
Featured
Al Jazeera investigation uncovers allegations of beatings and rape in Kenya's ongoing anti-terrorism operation.
Incumbent Joyce Banda has a narrow lead, but anything is possible in Malawi's May 20 elections.
Western fighters have streamed into the Middle East to help 'liberate' Arab countries such as Syria and Libya.
The Pakistani government is proposing reform of the nation's madrassas, which are accused of fostering terrorism.
Grass-roots campaigns for female candidates are making an impact in India's first nationwide elections since 2009.
join our mailing list