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Greece: Is This It?

June 26th, 2015

Episode 293 of 645 episodes

The clock is ticking for Greece as it approaches a deadline on an IMF loan. But Athens won't be able to honour that debt unless it gets more emergency funding from its international creditors. They've told Greece it must agree to their terms by the end of this weekend. So is this the end game for Greece? Sarah Stolarz reports on the mood in Athens while Sony Kapoor of the Re-Define research group and a former adviser to European governments, and Andrew Walker, the BBC's economics correspondent, discuss why creditors won't consider debt relief for Greece and what would happen in the event of a Greek default. And if leaders at the European Union summit are worried about a possible Greek exit from the euro, they have a potentially even bigger problem looming up ahead: Brexit, or a British exit from the EU. Gregor Irwin, chief economist with advisers Global Counsel in the UK, tells us which European countries would lose out if Britons vote to leave the EU in an upcoming referendum. (Photo: Greek prime minister Alexis Tsipras, his Italian counterpart Matteo Renzi and German chancellor Angela Merkel; Credit: Alain Jocard/AFP/Getty Images)

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