Greece has averted an immediate default on its massive debts, with a successful swap of its government bonds, drastically reducing the amount of money it will have to repay, but nobody believes this is a long term solution.
Host Isabelle Kumar discusses that with economist Grant Lewis of Daiwa Capital Markets Europe.
Also in the programme — why Europe’s struggling carmakers want a region wide solution to their overcapacity problem.
And the blame game in Iceland as the trial starts of the country’s former prime minister accused on doing enough to prevent the 2008 financial crisis.
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