Greece’s debt crisis and the future of Europe

Finance ministers from the euro area meet Friday to discuss the Greek debt crisis.

the intervention from the US has shown a risk that the stability of the financial system as a whole – the global financial system – might be under threat again.

That we might have a financial situation where a possible default of Greece might have knock-on effects around the world as well.

German Chancellor Angela Merkel says eurozone nations must do everything they can do to avoid an “uncontrolled insolvency” by Greece.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s