Search the Archive

Europe / Debt Crisis / Germany / Greece #1024804

CBS Evening News for Friday, Jun 15, 2012
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.

(London: Scott Pelley) Britain’s move to protect itself from the European economic crisis that is threatening to bring down the Euro zone noted. Earlier interview held with British Treasury official George Osborne†† about the crisis. [OSBORNE – says this is a grave moment for the world economy; says we might be plunged back into the financial problems of 2008; outlines how to stabilize Europe; says it’s about moving toward a political union; says the worst thing would be a Greek exit without a plan to deal with the contagion.]

(Berlin: Mark Phillips) The impact of this crisis on Germany examined; details given about Germany’s underwriting the debts of Europe’s foundering economies and the benefit of increased foreign investment. [German Cooperative Bank Group director Gerhard HOFMANN††- says we cannot go on like this forever.] [Student Efruz ONGUN††- wonders how long Germany will pay off others’ debts.] [Developer Marc WEISE††- comments on investments in “brick gold.”]

(London: Scott Pelley) Sunday’s elections in Greece noted.

(Athens: Clarissa Ward) The plan of Greek prime minister candidate Alexis Tsipras†† of the leftist Syriza Party to do away with the austerity plan examined; details given of concerns about a run on the banks and an exit from the Euro zone of Tsipras is elected. [Economist Euclid TSAKALOTOS††- explains the circle of austerity measures and recession.] [Unemployed MAN – says it should be important for the government to save people from committing suicide.] The position of Greece’s other main party discussed.

Pelley, Scott;
Phillips, Mark;
Ward, Clarissa

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.