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Greece - in or out?

18 minutes
First broadcast:
Monday 14 May 2012

The influential German news weekly Der Spiegel certainly knows what it wants to happen to the eurozone: "Adieu Greece" is the headline on the latest issue.

The paper argues it is time to kick the country out of the euro.

The growing German opposition to the continued bail out of Greece reflected in that "Adieu Greece" headline is only likely to harden the resolve of the German chancellor Angela Merkel to take a tough line on continued Greek austerity.

It seems a full scale confrontation is on the cards. So how would Greece leave the Euro?

Business Daily has gone back to an earlier era of European confrontation to find out. We've taken a look at the challenges of changing currency - Pathe newsreel style.

And Justin Rowlatt debates the intricacies of exit with Guntram Wolff of the European economic think tank Breugel and with Andrew Walker the BBC's Economics Correspondent.

Plus: how do you know when you've met a truly powerful woman?

It is pretty simple, according to our regular commentator Lucy Kellaway of the Financial Times.

You'll know she's powerful because she'll scare the pants off you.

  • Viewpoints: What if Greece exits euro?

    Viewpoints: What if Greece exits euro?

    "Chaos. Greek banks would go bust. Greek companies would go bust. Unemployment would go up. The new drachma loses lots of value"

    Read more on the BBC News website
  • Could the euro survive a Greek exit?

    Could the euro survive a Greek exit?

    The point, as I am sure you know by now, is that the eurozone crisis is a sovereign debt crisis and an inextricably connected banking crisis...

    Read more on the BBC News website


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