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Greece: Currency Controls Begin to Bite

Greek shops feel the pinch, a lawyer considers the country's legal system, a Nobel economics laureate attacks Europe's austerity. And the anti-poverty Live8 campaign, 10 years on.

We hear from some Greek shops that are feeling the pinch, as currency controls increasingly restrict people from using plastic. We hear from a restaurateur who's taking cash-only payments, and from Dimitris Paraskevas, an Athens and London-based corporate lawyer, who reflects on the country's troubled legal system and how cash-only payments will make tax collection even harder. Nobel prize-winning economist Amartya Sen attacks Europe's austerity policies in the wake of the referendum No vote, saying it ought to repesent a watershed in the EU's approach to the crisis. And 10 years after the G8 Summit at Gleneagles in Scotland, we remember the "Make Poverty History" campaign that preceded it. Did the Live8 concert, and the big aid and debt relief pledges that followed, really make a lasting difference for the world's poorest people? We get the thoughts of Lord Malloch Brown, who was then the Deputy Secretary General at the United Nations under Kofi Annan.

Photo: A man gestures as pensioners queue outside a national Bank branch; Credit: Aris Messinis/AFP/Getty Images

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18 minutes

Last on

Tue 7 Jul 2015 16:05GMT

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  • Tue 7 Jul 2015 07:32GMT
  • Tue 7 Jul 2015 16:05GMT

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