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Greece has voted to stay in the Euro and take the pain that it will bring. The markets are happy, the European establishment is happy, but will the people be happy with austerity?

Have the Greeks made the right choice?

Greece has voted to stay in the Euro and take the pain that it will bring. The markets are happy, the European establishment is happy..... but will the PEOPLE be happy as austerity continues to bite?

Staying in the Euro comes with strings attached - the support of bailout cash means there's a price to pay, in the form of brutal cuts in public spending. The last round of cuts led to riots on the streets.

Were the Greeks right to vote for the Euro - or would they, and possibly the rest of Europe, have been better off if they'd gone it alone? Should they bite the bullet and go back to the Drachma?

Have the Greeks made the right choice?

1 hour

Last on

Mon 18 Jun 2012 09:00

Broadcast

  • Mon 18 Jun 2012 09:00