Europe’s Response to the Global Financial Crisis the Focus of Multi-Part Series

3-Part Series on Greece’s Debt Crisis Airs Monday, July 19 – 21, 2010 

Paul Solman, PBS NewsHour’s Emmy Award winning Business and Economics Correspondent, explores how Europe is struggling to deal with its financial troubles in a series of reports that begins next week, Monday, July 19 – 21, 2010, with a look at the Greek debt crisis. 

Monday, July 19        Paul Solman explains how Greece got so deeply into debt.

Tuesday, July 20       In response to the debt crisis, the Greek government implemented austerity measures, including cuts to government wages and pensions.  Paul Solman looks at the response by Greek citizens who are not happy with the reforms and the hit to their pocketbooks.

Wednesday, July 21  To make up the budget shortfall, the Greek government is also cracking down on tax cheats, not a simple task when close to 40% of the country cheats on their taxes.

The broadcast series continues with a look at Spain’s housing crisis and sky high unemployment. Coverage continues online at Paul Solman’s popular Making Sen$e page.

PBS NEWSHOUR is seen five nights a week on more than 315 PBS stations across the country and is also available online, via public radio in select markets and via podcast. The program is produced by MacNeil/Lehrer Productions, in association with WETA Washington, DC, and THIRTEEN in New York. Major corporate funding for The NewsHour is provided by Chevron, Bank of America and Intel, with additional support from the William & Flora Hewlett Foundation, the Corporation for Public Broadcasting and public television viewers.