Has austerity gone too far? How did we get here and where are we heading? With Greece and the EU, what are likely scenarios for the near and farther future? On Friday, July 17th, host Esty Dinur spoke with economist Doug Henwood to discuss global austerity and what the future holds.

Doug Henwood is the editor and publisher of Left Business Observer, a monthly newsletter on economics and politics. Henwood is also a contributing editor of the The Nation, and hosts a radio program on KPFA.