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What happens if Greece defaults? A flow chart

by
Karl Baker
May 24, 2012
If Greece ditches its austerity plan and defaults on its loans, how might that play out in the global economy? Follow our flow chart to find out.

Euro leaders plan for Greece to 'divorce' the euro

Interview with
Andrew Walker
May 24, 2012
Although eurozone members want Greece to keep the euro, contingency plans are being made in case there is a parting of ways. The cost and wider economic effects of a possible Greek exit are highly uncertain.

EU depositors protected, not from euro collapse

by
Stephen Beard
May 21, 2012
Depositors into European banks have their money protected, as here in the U.S., but the risk is not just that the bank might collapse, the currency might.

France's new president meets Germany's leader

by
Stephen Beard
May 17, 2012
New French President Francois Hollande flew to Berlin to meet with German Chancellor Angela Merkel. The two differ over the eurozone’s best course.

New general election on the way in Greece

Interview with
Stephen Beard
May 15, 2012
Political parties in Greece have failed to forge a coalition, meaning a new general election is on the way in Greece. Will the country keep to its budget promises that are a condition of the European bailout?

No more wagers on Greek exit

Interview by
Kai Ryssdal
May 10, 2012
As an exodus in the European Union becomes more a sure thing, two of London's largest bookmakers shut down the markets for bets on Greece leaving the E.U. and the existence of the euro in a few years.

European debt crisis hasn't gone away

by
Stephen Beard
Apr 11, 2012
Recent turmoil in global markets is partly due to worries over Europe's debt crisis. Elections scheduled in France and Greece add to the uncertainty.

No riots, but Ireland feels the pain of austerity

by
Christopher Werth
Mar 15, 2012
Ireland is tackling its debt crisis with a harsh program of austerity measures. The Irish are not rioting, as the Greeks did, but they are hurting.

Many pushing back against EU carbon tax

Interview by
David Brancaccio
Mar 12, 2012
Europe's biggest airlines say a new European tax on the carbon dioxide coming out their jet engines is a bad idea.

Investors face deadline to prevent Greek default

Interview with
Mark Lowen
Mar 8, 2012
Private bond holders have until this afternoon to decide if they'll take major losses on their investments in order to keep Greece out of a messy default, and avoid another global crisis.

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