Despite public outrage and yesterday's riots over austerity measures, Athens was quiet today as the Greek parliament put the final touches on spending cuts and tax increases designed to unlock $17 billion in aid from the European Union, the European Central Bank and the International Monetary Fund. If the US doesn't bite a similar bullet, will its "full faith and credit" be suspect in the eyes of the world?
Lessons from Greece in US Debt Crisis
Credits
Guests:
- Nick Malkoutzis - Macropolis - @NickMalkoutzis
- Zanny Minton Beddoes - Economist
- Jacob Kirkegaard - Peterson Institute for International Economics - @PIIE_com
- Ron Fournier - National Journal - @ron_fournier