This video by BLOOMBERG is a professionally designed 10 minutes that goes through the European Debt Crisis from the beginning to the Greece Debt issue, and later to come issues by other countries.
Get it all in 12 minutes. If you don't have a clear perception of the Debt Cycles, I recommend watching "How the Economic Machine Works".

The learning outcomes of this video are the following:

  • Reasons for the Evolution of a Union after World War II.
  • Evolution of European Union and the Birth of MAASTRICHT Treaty.
  • Birth of a unified currency EURO and the ECB in 1999.
  • The distribution of roles between the ECB and countries central banks in developing policies.
  • Difference between Monetary and Fiscal Policies.
  • How the Debt crisis evolved using the so-called "Germany's Credit Card".
  • After Greece, who's Next?? Italy?? Spain?? Portugal ??
  • Austerity measures and their economical and political implications.
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