Showdown In The Eurozone | WAMU 88.5 - American University Radio

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Showdown In The Eurozone

Greece says it will hold new elections as talks failed to produce a coalition government. That news came this morning. Yesterday, European markets dropped amid concerns that Greece’s departure from the euro was near. French president Francois Hollande meets with Angela Merkel tonight to discuss the crisis. The German chancellor says a state election defeat for her party won’t weaken her emphasis on budget discipline. But German policy makers are hinting at some flexibility on austerity. Meanwhile, Spain’s attempts to clean up its banking system might not be enough to build confidence. Diane and her guests talk about a showdown in the eurozone.

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