Preventing the Spread of Greece’s Crisis

October 4, 2011

Preventing the Spread of Greece’s Crisis
Explainer Video
from Video

More on:

Greece

Economic Crises

Sebastian Mallaby, Director of the Maurice R. Greenberg Center for Geoeconomic Studies and Paul A. Volcker Senior Fellow for International Economics, says Greece is nearing a turning point in its debt crisis. Mallaby predicts that "Greece is going to have to default, it’s going to have to be restructured in its debt," and argues that policy-makers need to "prevent the fire from spreading out of Greece and causing trouble all across the eurozone."

More on:

Greece

Economic Crises

Close

Top Stories on CFR

United Kingdom

UK Prime Minister Theresa May has been unable to convince her own party to pass the Brexit deal she negotiated with the European Union because of its backstop provision. What is it, and why does it matter?

Nigeria

February’s presidential election does not inspire confidence in the democratic trajectory of Africa’s most populous country.

North Korea

It is time to put denuclearization on the back burner and adopt realistic approaches toward North Korea. An all-or-nothing approach will yield nothing, leaving the United States worse off than before the diplomatic outreach began.