Greek bailouts: three times a charm?

Greece's last two bailouts failed to rescue the country. This week, European leaders approved a new $95 billion package for the debt-stricken country.

For Greeks, it means more tax hikes and cuts to pensions and other public spending–an option they soundly rejected in a nonbinding referendum in July.  Still some argue that this bailout is different than the previous two – and that it may set the country on the path to recovery.

Joining us this week to discuss:

• Jacob Kirkegaard, senior fellow at the Peterson Institute for International Economics in Washington, D.C.
• Vicky Pryce, chief economic adviser of the Centre for Business and Economics Research in London
• Yannis Palaiologos, reporter for the  Kathimerini daily newspaper in Athens