Iain Begg

On Thursday, the European Council held an emergency meeting to discuss the debt problems that several Eurozone countries—including Italy, Greece, and Portugal—are facing. On today’s Backstory, Iain Begg, Professorial Research Fellow at the European Institute at the London School of Economics, discusses what happened at the meeting and how the continuing economic problems are affecting the entire Eurozone.

What does the European Union's announcement that it will offer a trillion-dollar bailout aimed at helping Greece, Spain, and other countries with struggling economies mean for the euro and for European politics? We'll find out.

Around the world, governments have struggled to respond to the economic downturn. We find out how sharing a common currency is influencing a European response to the global recession. London School of Economics Research Fellow Iain Begg and Edward Carr, Business Affairs Editor for the Economist, joins us to explain ...