European Central Bank, Frankfurt
How exactly did Europe get itself into the current financial mess? Talking to historians, economists and politicians, BBC 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.Read Robert Peston's blog...
- Robert Peston
- John Thynne
- Executive Producer
- Sam Bagnall