A talk with the former prime minister of Greece about how to manage a financial crisis and the costs of austerity.
Reactions to President Obama’s proposed budget for FY 2014 continued today. The president has not been immune to attacks from progressive groups, such as the Progressive Change Campaign Committee. Much of the reaction from the left has centered around President Obama’s proposed concessions on social security, Medicare, and Medicaid. The shift to austerity and the subsequent outcry is not unique to America–it has been happening around the world, under both conservative and progressive governments, since the Great Recession began. No place illustrates this more than Greece.
Tonight, Chris Hayes asks what are the costs of austerity. Hayes will sit down with the former Prime Minister of Greece George Papandreou, who ran under a progressive agenda only to find himself implementing austerity cuts in an attempt to bring his country back from a financial crisis.