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Europe / Debt Crisis / Germany / Greece #1024804

CBS Evening News for Friday, Jun 15, 2012
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(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.

Reporter(s):
Pelley, Scott;
Phillips, Mark;
Ward, Clarissa
Duration:
00:08:30

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