[QODLink]
Inside Story
Greece on the brink
Will another bailout be the right prescription for Greece and the Eurozone?
Last Modified: 16 Jun 2011 11:50

A 24-hour strike got under way in Greece on Wednesday as the government debated unpopular cutbacks.

Thousands of people blockaded the parliament, trying to send a message that they will not stand for more hardship; but the government says more cutbacks are inevitable if Greece is to secure international rescue loans. 

Greece is already the beneficiary of over $150bn of a EU and International Monetary Fund joint bailout. But a further $100bn may still be needed.

A five-year austerity plan must first be passed for the country to continue receiving the aid.
 
But could embattled prime minister George Papandreou garner enough support to have that plan approved? And would Greece lenders, the EU in particular, change the terms of the bailout plans? 
 
Inside Story with presenter Teymoor Nabili, discusses with guests Vagelis Agapitos, an independent economist; Yanis Varoufakis, a professor of economics at the University of Athens; and Fotis Boblas, an activist and protester.

This episode of Inside Story aired from Wednesday, June 15, 2011.

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.
Take an immersive look at the challenges facing the war-torn country as US troops begin their withdrawal.
Ministers and MPs caught on camera sleeping through important speeches have sparked criticism that they are not working.
Featured
Anti-government secrecy organisation struggling for relevance without Julian Assange at the helm.
After decades of overfishing, Japan is taking aim at increasing the number of bluefin tuna in the ocean.
Chinese scientists are designing a particle-smashing collider so massive it could encircle a city.
Critics say the government is going full-steam ahead on economic recovery at the expense of human rights.
Spirits are high in Scotland's 'Whisky Capital of the World' with one distillery thirsty for independence.