This Thursday Greece passed austerity measures required as part of the international bailout of their struggling economy. Despite the measures, they may not be enough to control the crisis, and instability may spread to other European countries.
Today Germany's Lower House of Parliament approved a controversial 38 billion dollar bailout loan to Greece. It's deeply unpopular among Germans, but it brings the EU one step closer to providing a massive rescue package to Greece. Gerry Hadden reports.
The European Central Bank meets in Lisbon today to try to find a way to stop Greece's economic crisis from spreading. Meanwhile, Greece's parliament is set to vote on budget cuts to help curb the country's debts.
Three people have been killed in the Greek capital, Athens, where protests against big cuts in government spending have turned violent. Marco Werman speaks with one of the protestors, Despina Koutsoumba, who's with the Greek Civil Servants' Trade Union.
Greek's debt crisis has the European Union worrying about a possible domino effect. Some fear that Greece's crisis may deal such a sharp blow to confidence in the global credit market that we see a repeat of the global financial crisis.
The international credit rating agency, Standard and Poor's, downgraded Greek debt to a level known informally as 'junk.' Anchor Marco Werman discusses the role of credit rating agencies with Justin Fox, Editorial Director of Harvard Business Review.
For Greece's ultranationalist Golden Dawn party, the world’s biggest refugee crisis since World War II was a political opportunity. And Lesbos seemed a natural place to build a base of support. It wasn’t.
Moria camp on the Greek island of Lesbos was designed to hold 2,000, but it is currently home to more than 6,000 refugees and migrants. Doctors working at the camp have seen a growing number of children suffer upper respiratory tract infections, colds, coughs, diarrhea and other illnesses associated with cramped and unsanitary conditions.
The Noh family fled Iraq when ISIS invaded in 2014. After crossing the Mediterranean in a rubber dinghy, they reached the Greek island of Lesbos, and then mainland Europe. After receiving asylum in France, they are building a new life in a unfamiliar place.