PLEDGE NOW
Europe's Debt, Global Crisis?

Greece's Finance Minister George Papaconstantinou addresses the media during a press conference in Athens on Tuesday Feb. 9, 2010. Greece took further steps Tuesday to calm global markets spooked by its debt crisis. (AP)

Post your comments below

Could little Greece and its big debt bring down the world economy? That’s the question in Europe and around the world today. 

On the streets of Athens, they’re protesting new austerity measures. On global trading floors, they’re asking why the Greeks didn’t tighten up a long time ago. 

And not just Greece. There’s a whole tier of Europe in trouble. The acronym is PIIGS: Portugal, Italy, Ireland, Greece, Spain. And the pain travels – including to Wall Street and the USA. 

Could this be the end of Europe?  The end of recovery? 

This hour, On Point: little Greece, and the big crisis in Europe.

Guests:

Gregory Zuckerman, senior writer for The Wall Street Journal. He’s author of “The Greatest Trade Ever: The Behind-The-Scenes Story of How John Paulson Defied Wall Street and Made Financial History.” 

See the Journal’s continuing Europe coverage, including this interactive timeline of the debt crisis.

John Psaropoulos, Athens correspondent for NPR and founder of the blog The New Athenian.  He’s former editor-in-chief of the Athens News.

Carmen M. Reinhart, director of the Center for International Economics at the University of Maryland and co-author, with Kenneth Rogoff, of “This Time is Different: Eight Centuries of Financial Folly.” She was chief economist and vice president at the investment bank Bear Stearns and spent several years at the International Monetary Fund.

Dominique Moisi, a founder and senior advisor at the French Institute for International Relations. His latest book is “The Geopolitics of Emotion: How Cultures of Fear, Humiliation, and Hope are Reshaping the World.”

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
Feb 8, 2016
Sign stands outside property for rent Friday, Nov. 20, 2015, in south Denver. (AP Photo/David Zalubowski)

If it feels like rents are sky-high, you’re right. Some now paying more than half their income on rent. Some say crisis. We’ll dig in.

Feb 8, 2016
Legendary film critic  Roger Ebert in an archival image from his early days at the Chicago Sun-Times. (Flickr / WikiCommons)

The critic speaks. The New York Times’ A.O. Scott on how to think about art, pleasure, beauty and truth.

RECENT
SHOWS
Feb 5, 2016
A portion of the cover of Ben Ratliff's new book, "Every Song Ever." (Courtesy Farar, Straus and Giroux / The Publisher)

How to choose music in an age when everything is online and always there. New York Times music critic Ben Ratliff shows the way.

 
Feb 5, 2016
Republican presidential candidate, Sen. Ted Cruz, R-Texas mingles at a campaign event at Robie's Country Store, Wednesday, Feb. 3, 2016, in Hooksett, N.H. (AP Photo/Elise Amendola)

Ted Cruz, Clinton and Sanders out of Iowa. Zika panic. Syrian peace talks fall apart. Our weekly news roundtable goes behind the headlines.

On Point Blog
On Point Blog
Notes From New Hampshire, #6: Bernie v. Hillary — The Electability Debate
Monday, Feb 8, 2016

Bill and Betty are not real New Hampshire voters. But their arguments about the Democratic race for President most certainly are.

More »
Comment
 
Notes From New Hampshire, #5: Ted Cruz — The Advocate
Monday, Feb 8, 2016

Texas Senator and Republican Presidential candidate Ted Cruz is an impassioned advocate, Jack Beatty writes — but mostly for himself above all others.

More »
Comment
 
Notes From New Hampshire, #4: Donald Trump — You Heard It First!
Friday, Feb 5, 2016

Jack Beatty recounts an evening rally with Republican Presidential frontrunner Donald Trump, and wonders if the billionaire businessman is really looking for an exit.

More »
Comment