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Europe on the Brink
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Europe on the Brink

23 MIN · EN · STATUS: [ STREAMING ]
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Europe's debt crisis begins in Greece in 2010 and spreads fast enough to threaten the euro itself and rattle markets worldwide. Wall Street Journal editors and reporters trace how it happened, tracking the flaws built into the eurozone's architecture and the weak governance in individual member states that let debt pile up unchecked in Greece, Italy, and Spain. Interviews with economists, policymakers, and WSJ journalists lay out the choice European leaders actually faced: pay the enormous cost of holding the currency bloc together, or let it come apart. The film follows the bailout packages and the austerity conditions attached to them, and the political backlash that followed as spending cuts and tax hikes deepened the pain in the countries already hit hardest. That backlash fuels populist anger in Greece and Italy and strains trust between member states. The film also covers the institutional response, including the European Stability Mechanism, built to prevent a repeat. It stays close to the reporting rather than the spectacle, using WSJ's own coverage of the crisis as its primary source.