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World Business Report: Can New Funds Help Greece Stay Afloat?

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16/07/2015

Can New Funds Help Greece Stay Afloat?

BBC World Service - World Business Report, Can New Funds Help Greece Stay Afloat?

We look at the latest round of emergency funding - will it help rebuild the economy?

Cash starts to flow into the Greek financial system, but who should pay for re-building the economy? Plus, African nations express anger at multinational companies avoiding tax.

As Greece inches closer to a deal on its debt with the European Union and the country's banks are expected to reopen next week, we hear from Athens about continuing division over the agreement. A UN conference in Ethiopia has agreed to reform global finance and use funds gained to boost development and fight poverty. We hear from the event in Addis Ababa and get the views of the Nobel Laureate economist Joseph Stiglitz, plus campaigners who want multi-national corporations to pay more tax in developing countries. It has been a historic week for the world with the agreement to end the long running dispute over Iran's nuclear programme, but is all of America behind President Barack Obama, who is claiming credit for the deal? Economist Irwin Stelzer, from the Hudson Institute, provides insight from Washington DC.

(Picture: Greek Parliament. Credit: Andreas Solaro/AFP/Getty Images)

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