Helen Thompson and Adam Tooze take us beyond Brexit to look at the global situation and the bigger threats we face. Italy, Germany, Iran, Saudi Arabia, Argentina, Russia, Trump vs. the Fed, the US vs. China, Hong Kong, the dollar, the euro, climate change, oil: an amazingly wide-ranging conversation that somehow manages to connect it all up.
We talk to political economist Helen Thompson about the birth of the Euro and its tortuous recent history. Whose idea was it in the first place and how much of its current troubles were baked into its origins? A story of ambition, intrigue and unintended consequences.
Helen and David talk to historian Adam Tooze about his epic new book Crashed: How A Decade of Financial Crises Changed the World. Why did the crash of 2008 take so many people by surprise? How did it spread from the US around the world? Why was Europe so vulnerable? And how do the answers to these questions help explain Brexit, Trump and what's now going on in places from Hungary to China? Plus, as we approach the 10-year anniversary of the event the triggered the crisis, we explore what might have happened if Lehman Brothers had been saved.Read More