90.9 WBUR - Boston's NPR news station
Top Stories:
PLEDGE NOW
How Europe Theatens The World Economy

The threat from Greece to Europe and the world economy. Your economy.

e temple of Parthenon is silhouetted against a cloudy sunset atop the Acropolis hill in Athens, Thursday May 17 2012. Fitch ratings agency downgraded debt-crippled Greece deeper into junk territory on Thursday, warning of a "probable" Greek exit from the euro currency union if new national elections next month produce an anti-bailout government. Fitch said it had cut Greece's rating by one notch, from B- to CCC, the lowest possible grade for a country that is not in default. (AP)

The temple of Parthenon is silhouetted against a cloudy sunset atop the Acropolis hill in Athens, Thursday May 17 2012. Fitch ratings agency downgraded debt-crippled Greece deeper into junk territory on Thursday, warning of a "probable" Greek exit from the euro currency union if new national elections next month produce an anti-bailout government. Fitch said it had cut Greece's rating by one notch, from B- to CCC, the lowest possible grade for a country that is not in default. (AP)

Leaders of a bunch of the world’s richest countries, the G8, met at Camp David over the weekend. Their number one focus was one of the world’s most dramatically troubled countries at the moment – little Greece. It matters because it’s part of the EU and the euro zone. It’s melting down, and it’s threatening to take the EU with it.

Markets around the world slid in fear last week. A lurch to full-on crisis seems to be happening faster than anyone predicted. The fear is dominoes: Greece, Spain, Italy. And somewhere in that line, the US gets hit too.

This hour, On Point: Euro-crisis.

-Tom Ashbrook

Guests

Howard Schneider, Washington Post financial reporter.

Simon Johnson, professor of entrepreneurship and economics at the M.I.T. Sloan School of Management.  Co-author with James Kwak of “White House Burning: The Founding Fathers, Our National Debt, and Why it Matters To You.” He blogs at The Baseline Scenario.

Martin Wolf, chief economics commentator at the Financial Times.

From Tom’s Reading List

Project Syndicate “Postponing the exit after the June election with a new government committed to a variant of the same failed policies (recessionary austerity and structural reforms) will not restore growth and competitiveness.”

Der Spiegel “Recent weeks have been tough on German Chancellor Angela Merkel’s center-right coalition. The already shaky alliance has undergone a series of state election setbacks, the latest of which culminated in Merkel summarily firing her environment minister, Norbert Röttgen, on Wednesday.”

Wall Street Journal “Europe has begun to prepare for Greece’s exit from euro zone ahead elections next month that are fast becoming a referendum on the country’s membership in the common currency.”

Project Syndicate ” The eurozone crisis unfolded primarily as a sovereign-debt crisis mostly on its southern periphery, with interest rates on sovereign bonds at times reaching 6-7% for Italy and Spain, and even higher for other countries. And, because eurozone banks hold a substantial part of their assets in the form of eurozone sovereign bonds, the sovereign-debt crisis became a potential banking crisis, worsened by banks’ other losses, owing, for example, to the collapse of housing prices in Spain.”

 

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
Mar 30, 2015
A stele and flowers laid in memory of the victims are placed in the area where the Germanwings jetliner crashed in the French Alps, in Le Vernet, France, Friday, March 27, 2015. The crash of Germanwings Flight 9525 into an Alpine mountain, which killed all 150 people aboard, has raised questions about the mental state of the co-pilot. (AP)

The pilot who crashed his plane in the Alps. What we know now. And what to do about pilots’ psychological health.

Mar 30, 2015
Sweet Briar College, an all-women's liberal arts college in Virginia, announced in early 2015 that it would unexpectedly close its doors at the end of the school year. (Courtesy Sweet Brian College)

Fareed Zakaria weighs the value of a liberal arts education in our technology-driven time.

RECENT
SHOWS
Mar 27, 2015
Members of  a November Project 'tribe' pause during a November 2014 workout. (Brogan Graham / Instagram)

Spring training. From easy-access yoga to outdoor exercise meet-ups, exercise plans you’ll want to do.

 
Mar 27, 2015
Rescue workers work on debris of the Germanwings jet at the crash site near Seyne-les-Alpes, France, Thursday, March 26, 2015. The co-pilot of the Germanwings jet barricaded himself in the cockpit and “intentionally” rammed the plane full speed into the French Alps, ignoring the captain’s frantic pounding on the cockpit door and the screams of terror from passengers, a prosecutor said Thursday. (AP)

The co-pilot and the plane in the Alps? Ted Cruz announces 2016 bid. Heinz buys Kraft. Our weekly news roundtable goes behind the headlines.

On Point Blog
On Point Blog
Our Week In The Web: March 27, 2015
Friday, Mar 27, 2015

More on the incessant email debate, plus some goats living their best lives and the sad allure of Manhattan’s shuttered Pommes Frites.

More »
Comment
 
Mobile Payments Offer Convenience If You Keep Your Email Safe
Thursday, Mar 26, 2015

Thinking about moving your wallet to your phone? You can! And maybe you should? But TechCrunch senior writer Josh Constine has a few things to tell you before you do.

More »
1 Comment
 
Using Technology To Get Your Kids Outside
Thursday, Mar 26, 2015

The latest and greatest — using apps to make natural exploration more fun for your kids.

More »
Comment