From: Counting the Cost

Rich Europe, poor Europe

With the Eurozone in decline, we look at the situation the shared currency was supposed to avoid – a two-tier Europe.

This week, with the Eurozone still in decline, Counting the Cost looks at the very thing the shared currency was supposed to avoid – a two-tier Europe of rich and poor.
With Ireland and Greece both accepting IMF/EU bailouts, all eyes are on Portugal, Spain and Italy to see if they will follow suit. But if they do, will it only reinforce that idea of a continent with ‘haves’ and ‘have nots’?
We speak to Wolfgang Manchau from Euro Intelligence in Brussels for his ideas and solutions to the current crisis.
Also this week:
– Patty Culhane, our White House correspondent, talks debt in the US and the steps being taken to reduce it
– We see if anything can be achieved at the latest round of US climate change talks in Mexico
– And we will tell you some of the staggering numbers behind the Fifa World Cup 2022, which was awarded to Qatar
If you want to get in touch with the show, contact us on twitter: @AJCountingCost