Greece has received its bailout and default has been avoided until, well, the next time.
But it is not the Greek people who stand to benefit from the bailout – while there is money for the bankers, the Greek people face a decade of austerity. Which begs the question: What is it really all about?
Just hours before the bailout deal was struck, a confidential report was released detailing just why it would not work.
The problem for Greece is that the IMF, the European Central Bank and the European Union have very little faith in Greece to actually deliver on its promises. They site a lack of action on past austerity measures like tax collection and labour reform.
This week on Counting the Cost we look at who wins and who loses as a result of the Greek bailout.
Also, as Myanmar slowly opens its doors to the world, more interesting stories are emerging from the country. We look at how some villagers are finding their voice as they try to stop a little bit of paradise from becoming a big bit of infrastructure.
And, we have outlined many times before how Qatar’s astronomical rise has much to do with oil and gas, but how did the old Qatari economy function? In a word: Pearls. Diving for and trading natural pearls was how this country began and it has not disappeared entirely. We meet the Al Fardan family, ranked one of the richest families in the region and one of those playing a key role in shaping one of the world’s fastest growing economies, and discover that those pearling roots are still there.
Counting the Cost can be seen each week at the following times GMT: Friday: 2230; Saturday: 0930; Sunday: 0330; Monday: 1630.
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