The recent debt crisis in Greece threatened the stability of the European financial system and resulted in the first bailout in the history of the euro. In order to shore up its economy, Greece was forced to take drastic austerity measures that have triggered violent protests throughout Athens and encouraged other nations, like Spain and Portugal, to follow suit as a method of stemming further contagion. Questions still remain whether these changes will be enough to restore confidence in the euro, however.
On Wednesday, May 26, Domenico Lombardi answered your questions about the Greek crisis and its implications for the Eurozone and globally. David Mark, senior editor at POLITICO, moderated the discussion.