Im stephen sackur. The western world, for so long the dominant force in Global Politics and economics, is confused and uncertain. In the past week, elections in the uk and france have pointed to fractures in europe. Donald trumps world view and Angela Merkels are poles apart. The Western Consensus on liberal economics and globalisation is no more. My guest is stephen king, influential economist, writer, and Chief Economist to hsbc bank. Writer, and former Chief Economist to hsbc bank. Is Globalisation Stuck in reverse gear . Stephen king, welcome to hardtalk. Thank you very much. I think given the dramatic nature of recent political events in the uk, we have to start with britain, and then move our perspective to the world as a whole. But uk we have just seen an election that has brought about a Hung Parliament and a sense that nobody knows really what the government theresa may forms will actually do about brexit and a whole host of other challenges. Do you feel a deep sense of incohe
After months of wrangling, lenders agree on more Bailout Money for greece and the chance of debt relief next year. Could the greek tragedy be reaching its final act . Plus, Havana Rethink are cubas growing Business Ties with the us now under threat from President Trump . Welcome to World Business report. Im rachel horne. Also coming up, after the biggest recall in the history of the car industry, could faulty air bag maker takata be about to file for bankruptcy . Well have the latest from asia. We start in greece which has edged back from the brink of financial collapse once again. Late on thursday, after months of wrangling, European Finance ministers, together with the International Monetary fund, finally agreed to give athens its latest slice of Bailout Money. And theres a hint it could get some relief from its crippling Debt Mountain next year. Lets show you the details. Greece will finally get this 8. 5 billion euros part of an 86 Billion Euro bailout plan agreed in 2015 which is
Negotiations and look at where the new government goes from here with our Business Editor, simonjack. We usually ask you a twitter question, but today the founder of amazon has one for you what should he do with all his money . Jeff bezos has posted a request for ideas from The Public For Philanthropy Inspiration what advice would you give . Just use the hashtag bbcbizlive. Good to have you with us on Business Live. We start in greece, which has edged back from the brink of financial collapse once again. Late on thursday after months of wrangling European Finance ministers, together with the International Monetary fund, finally agreed to give athens its latest slice of bailout money. And theres a hint it could get some relief from its crippling Debt Mountain next year. Lets show you the details. Greece will finally get this 8. 5 billion euros part of an 86 Billion Euro bailout plan agreed in 2015. It is the third it has had. It will come just in time, as greece faces 7. 3 billion euros
Im stephen sackur. Greeces debt crisis and economic collapse used to be headline news, not so much any more. But does that mean the country is in recovery . Not if you ask your average greek. Almost half of all young people are jobless, the elderly continue to see their pensions cut, austerity bites deeper with every new release of european bailout money. My guest is greeces economy minister, dimitri papadimitriou. Is there any way out of the hole greece is in . Dimitri papadimitriou, welcome to hardtalk. Thank you very much for having me. There you were at the end of last year, enjoying your post as a highly respected academic economist in the united states. You were plucked from that into a senior ministerialjob, the economy minister in athens. Do you regret taking thatjob, given what has happened in the last six months . Actually, i dont. I think its an important challenge. I cherish the opportunity to serve my country and i think i can do some good. And therefore, over the last sev
Im stephen sackur. Greeces debt crisis and economic collapse used to be headline news, not so much any more. But does that mean the country is in recovery . Not if you ask your average greek. Almost half of all young people are jobless, the elderly continue to see their pensions cut, austerity bites deeper with every new release of european bailout money. My guest is greeces economy minister, dimitri papadimitriou. Is there any way out of the hole greece is in . Dimitri papadimitriou, welcome to hardtalk. Thank you very much for having me. There you were at the end of last year, enjoying your post as a highly respected academic economist in the united states. You were plucked from that into a senior ministerialjob, the economy minister in athens. Do you regret taking thatjob, given what has happened in the last six months . Actually, i dont. I think its an important challenge. I cherish the opportunity to serve my country and i think i can do some good. And therefore, over the last sev