iPlayer Radio What's New?
Image for Privatising Greece

Play now 18 mins

Privatising Greece

18 minutes
First broadcast:
Wednesday 05 October 2011

We follow the EUs cliff-top crawl along the precipice of disaster, as yet another European bank hits trouble and Italy bemoans a further downgrade.

But is Europe fiddling while Rome burns?

We hear from David Blanchflower, a former member of the Bank of England's Monetary Policy Committee, who blames the European Central Bank for its high interest rates, saying it needs urgently to stimulate growth rather than worry about inflation.

Meanwhile we have a report from Greece which is struggling to find buyers in its privatisation programme.

State assets from the railway to public utilities are up for sale, and even many Greeks themselves aren't sure the sale is such a good idea.

Charting Europe's fault-lines, or is that default-lines, in Business Daily.



  1. Image for BBC Business Daily

    BBC Business Daily

    Examining the big issues facing the global economy, Business Daily demystifies the world of money.…

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Added. Check out your playlist Dismiss