[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
An innovative rehabilitation programme offers Danish fighters in Syria an escape route and help without prosecution.
Street tension between radical Muslims and Holland's hard right rises, as Islamic State anxiety grows.
More than one-quarter of Gaza's population has been displaced, causing a humanitarian crisis.
Ministers and MPs caught on camera sleeping through important speeches have sparked criticism that they are not working.
Featured
NSA whistleblower Snowden and journalist Greenwald accuse Wellington of mass spying on New Zealanders.
Whatever the referendum's outcome, energy created by the grassroots independence campaign has changed Scottish politics.
Traders and farmers struggle to cope as restrictions on travel prevent them from doing business and attending to crops.
Unique mobile messaging service, mMitra, helps poor pregnant women in Mumbai fight against maternal mortality.
Influential independence figure has been key in promoting Scottish nationalism, but will his efforts succeed?
join our mailing list