Greece's Debt Crisis Deepens

Greece's Debt Crisis Deepens

Greece grapples with its debt crisis as world markets watch.

European finance ministers failed to reach agreement on how to disburse Greece’s next installment of aid. The euro-zone ministers continue to meet in Luxembourg today. In a statement released early Monday, they demanded that Greece approve stricter austerity measures and reforms. The ministers also announced that they won’t decide on the parameters of a second round of aid, until July. The news was a blow to Greece’s government. In the last week, the prime minister faced public protests, a failed attempt at a coalition government, and a shake-up in his cabinet.… A discussion of Greece’s deepening economic crisis and what it could mean for world markets.


Zanny Minton Beddoes

economics editor, The Economist; formerly, economist at the International Monetary Fund.

Ambassador Vassilis Kaskarelis

Greece's ambassador to the United States

Jacob Kirkegaard

research fellow, Peterson Institute and senior associate, Rhodium Group, a New York-based research firm.

Please familiarize yourself with our Code of Conduct and Terms of Use before posting your comments.

Our address has changed!

The Diane Rehm Show is produced by member-supported WAMU 88.5 in Washington DC.