Global Journalist: Greece's last, best bailout? | KBIA

Global Journalist: Greece's last, best bailout?

Aug 20, 2015

Greek Prime Minister Alexis Tsipras
Credit Yannis Liakos / AP Photo

Greece's last two bailouts failed to rescue the country. This week, European leaders approved a new $95 billion package for the debt-stricken country. For Greeks, it means more tax hikes and cuts to pensions and other public spending–an option they soundly rejected in a nonbinding referendum in July. Still some argue that this bailout is different than the previous two – and that it may set the country on the path to recovery.

Joining us this week to discuss:

  • Jacob Kirkegaard, senior fellow at the Peterson Institute for International Economics in Washington, D.C.
  • Vicky Pryce, chief economic adviser of the Centre for Business and Economics Research in London
  • Yannis Palaiologos, reporter for the Kathimerini daily newspaper in Athens