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No end to the Greek tragedy

No end to the Greek tragedy
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Greece has been in the focus once more: Eurozone finance ministers reached a last-minute agreement on a bail-out – but nobody was in the mood to celebrate. Host Irene Binal discusses the gloomy prospects with London-based expert Sarah Hewin of Standard Chartered.

All this affects the Eurozone more and more. The economies of the countries using the euro are set to shrink in 2012, the nightmare of a long lasting recession is becoming a very real threat.

At least Chinese carmaker Great Wall was in high spirits as it opened the first Chinese car factory in the European Union, hoping to challenge European manufacturers.

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