
The Great Euro Crash with Robert Peston
As Europe teeters on the edge of an economic precipice, ÃÛÑ¿´«Ã½ business editor Robert Peston takes a long view of the euro, the cost of saving the monetary union and the alternative.
For more than two years Europe has teetered on the edge of an economic precipice - one of the factors that has pushed Britain back into recession. How exactly did Europe get itself into the current financial mess? Talking to historians, economists and politicians, ÃÛÑ¿´«Ã½ business editor Robert Peston takes a long view of the euro - from Churchill's vision of a United States of Europe to the bail-outs of Greece, Portugal and Ireland. Meeting a property developer in Ireland, a taxi driver in Rome and a German manufacturing worker, the film exposes the high cost being paid by European workers today for the dream of monetary union - and how close Europe came to a complete banking meltdown. The crisis could yet claim another victim - Britain, with its vast financial sector, would be dragged down by the collapse of the euro. The cost for saving the euro may be high, but the alternative would be a return to the economic mayhem of the 1930s.
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The Great Euro Crash with Robert Peston
Duration: 02:20
Credits
Role | Contributor |
---|---|
Reporter | Robert Peston |
Reporter | Robert Peston |
Producer | John Thynne |
Producer | John Thynne |
Executive Producer | Sam Bagnall |
Executive Producer | Sam Bagnall |
Broadcasts
- Thu 17 May 2012 21:00ÃÛÑ¿´«Ã½ HD & ÃÛÑ¿´«Ã½ Two
- Tue 22 May 2012 23:20ÃÛÑ¿´«Ã½ Two except Northern Ireland
- Tue 22 May 2012 23:50ÃÛÑ¿´«Ã½ Two Northern Ireland
- Wed 20 Jun 2012 01:30ÃÛÑ¿´«Ã½ One except Scotland & Wales