AirTalk for May 14, 2012

Greece out of the Eurozone and if so, what does that mean?

Protestors scuffle with riot police duri

ANGELOS TZORTZINIS/AFP/Getty Images

Protestors scuffle with riot police during Greek Independence Day in Athens on March 24, 2012.

Stalls in talks to form a new government in Greece could result in the troubled, cash strapped nation turning its back on the Euro. There are political differences over harsh austerity measures by international lenders designed to save the country from economic disaster. But if Greece fails to meet the demands of the European Union and the International Monetary Fund, the last remaining lines of credit to the Mediterranean nation will be cut off. The turmoil has shaken markets across Europe, and there is now talk of Greece leaving the European Union all together.

What impact would this have on European markets? What would this mean for Greece's economic stability and employment opportunities?

GUEST

James Hertling, European Government Editor for Bloomberg


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