When a Country Defaults

What happens when a country defaults? A look back at some recent defaults.

Greece Debt Downgraded by Moody's

Greek debt downgraded by Moody's Again

Merkel dampens expectations over the issue of Greece Debt

Merkel dampens expectations over the Greek debt issue.

Unrest continues in Greece

Athens demonstrators gather ahead of austerity vote.

PIMCO head predicts Greek Default

PIMCO head predicts Greek Default. A look at how the dominoes might fall if Greece defaults.

EU wants more cuts before it gives more bailout money to Greece

EU wants more cuts before it bails out Greece again. Greece is seeking to prevent default, which couple ripple through Europe devastating the financial industry.

Greek Default could topple large US Banks

Greek crisis could spill over into the US and cause large banks like Bank of America to fail.

The perils of public debt: Greece

The perils of public debt. Currently European banks are allowed to hold government debt as if it were risk free. As a result European banks hold a tremendous amount of public debt, that is why a Greek default could reek havoc on the entire European banking system

Greek Crisis at tipping point

Greek Crisis at tipping point, George Soros has been critical of the handling of the crisis by European officials claiming that they are making a mistake in not tackling the crisis

Greece's Plight Troubles Europe's Recovery

Trouble in Greece threatens the economies of the Eurozone

Greek Austerity measures not well received

Greek Austerity Measures, fomenting discontent among its population.