Wednesday, November 17, 2010

Greek PM: Europe can 'rescue' Ireland

BBC
HARDTalk
November 17, 2010

The Prime Minister of Greece, George Papandreou explains how his country has benefited from a financial bail-out similar to what is currently being offered by the European Union to Ireland.

Greece is able to borrow money from the rescue fund set up by other members of the European currency and does not have to borrow at the punitive interest rates which the financial markets would have expected from Greece and now Ireland.

See the Video

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