FROM Jennifer McKeown
Greek Austerity and the Spreading EuroZone Crisis One Greek writer says, if you have to choose between death and a bailout, you choose the bailout. But that doesn't mean that life will get any better. With a show of hands in an almost empty chamber, the Greek Parliament today accepted a €107 billion bailout, its second from other EuroZone countries. It also approved a 53 percent "haircut" for private bondholders, in a package that's expected to mean a fifth year of recession. Yet there are widespread predictions that things will only get worse. New austerity measures are more likely to increase unemployment and decrease pensions and public services than produce economic recovery. We hear why so many Greeks are leaving the country and why its problems are so dangerous for the rest of Europe and the United States.
Janesville and the American Dream Janesville, Wisconsin is the hometown of Republican House Speaker Paul Ryan. But he couldn’t prevent the closing of the General Motors factory after 100 years. On this Memorial Day rebroadcast of To the Point, we hear what’s happened to what once was a model of American middle-class unity.
Venezuela spirals into economic and political chaos Venezuela, a country whose potential for prosperity is unmatched, finds itself on the verge of civil war. What sustains the repressive government? With time running out, guest host León Krauze looks at what the international community can do to pull the country from the edge of collapse.
Trump's 'America First' goes missing abroad In the Middle East, President Trump is changing some policies of the Obama Administration—and reversing his own campaign attacks on Islam as a religion that "hates us." We hear about his visit to Saudi Arabia and what's at stake for the rest of his foreign excursion.