Preventing the Spread of Greece’s Crisis
Videos

Preventing the Spread of Greece’s Crisis

October 4, 2011 10:29 am (EST)

Preventing the Spread of Greece’s Crisis
Explainer Video

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."

Top Stories on CFR

Democracy

Americans need to understand their obligations to one another and to their country if U.S. democracy is to survive.

United States

In addition to minority communities and those on the political left, far-right extremism threatens violence against Republicans as well.

United States

As the U.S. government grapples with another deadline to increase its debt limit, economists warn that a possible default could have disastrous economic consequences.