Economy

Greece Eurozone Exit Would Be Felt Worldwidei
|| 0:00:00
X
May 31, 2012 11:39 PM
Greeks head to the polls again later this month to cast votes for a new government that could ultimately decide whether Greece remains in the eurozone. The parliamentary elections, the second in as many months, became necessary after the country's fractured political parties were unable to form a working coalition. European member states, once fearful of panicking financial markets, have begun making contingency plans for a possible Greek exit. But at what cost? As Mil Arcega reports, despite its small size, what happens in Greece could have an oversized impact on the global economy.

Greece Eurozone Exit Would Be Felt Worldwide

Published May 31, 2012

Greeks head to the polls again later this month to cast votes for a new government that could ultimately decide whether Greece remains in the eurozone. The parliamentary elections, the second in as many months, became necessary after the country's fractured political parties were unable to form a working coalition. European member states, once fearful of panicking financial markets, have begun making contingency plans for a possible Greek exit. But at what cost? As Mil Arcega reports, despite its small size, what happens in Greece could have an oversized impact on the global economy.


You May Like

UN: 1 Million Somalis at Risk of Hunger

Group warns region is in dire need of humanitarian aid, with at least 200,000 children under age of five acutely malnourished as drought hits southern, central part of nation More

Human Rights Groups Allege Supression of Freedoms in Thailand

Thailand’s military, police have suppressed release of independent report assessing human rights in kingdom during first 100 days of latest coup More

Jennifer Lawrence Contacts FBI After Nude Photos Hacked

'Silver Linings Playbook' actress' photos were posted on image-sharing forum 4chan; Federal Bureau of Investigations is looking into matter More