Congress has narrowly avoided a global financial crisis by taking a cue from Europe. Both regions are kicking the can down the road, rather than finding lasting solutions. Short-term fixes, though, may lead to long-term decline for the West.
Greek Prime Minister George Papandreou and German Chancellor Angela Merkel met in Berlin Tuesday for crisis talks about saving the Greek economy.
Many in financial markets are already assuming that Greece is going to default on its loans, but there is growing opposition to any more bailouts.
In the latest attempt to stabilize the eurozone debt crisis, a number of measures are being discussed according to reports from the weekend's international meeting in Washington.
Europe continues to struggle with finding a way out of its economic crisis. The most immediate threat to the Eurozone is the possibility of a Greek default. But some are openly wondering whether it's time to let Greece go.