Greek Debt Crisis Sends Ripples Through Euro Zone

Thursday, April 29, 2010

Greek Flag (flickr user Aster-oid)

Greek's debt crisis has the European Union worrying about a possible domino effect. Spain and Portugal have already seen their credit ratings downgraded, and Ireland and Italy may be next. Some fear that Greece's crisis may deal such a sharp blow to confidence in the global credit market that we see a repeat of the global financial crisis.

Kenneth Rogoff, professor of economics at Harvard and a former Chief Economist with the International Monetary Fund, joins us with his assessment of the situation.


Kenneth Rogoff

Produced by:

Noel King

Comments [1]


Many pundits do not think Spain and Italy are in trouble. May be isolared.

Apr. 30 2010 04:06 PM

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