Understanding the Latest Financial Crisis in Greece

By Arthur Cyr

Published June 24, 2015 at 10:11 AM CDT

Eurozone finance ministers are scrambling to find a solution to Greece's pressing debt problems. If Greece falls into banckruptcy, the stability of the Euro will falter and cause global consequences.

The fight against the so-called "Islamic State" movement in the Middle East dominates much of the world news headlines, along with the crises in South Sudan and in Syria. But there are several other international stories that haven't drawn as much attention in the media in this country.

Among them is the looming economic crisis in Greece. Professor of political economy and world business at Carthage College Art Cyr starts his update on foreign policy issues with Greece.

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Arthur Cyr

Arthur I. Cyr is Director of the Clausen Center for World Business and Clausen Distinguished Professor at Carthage College in Kenosha. Previously he was President of the Chicago World Trade Center, the Vice President of the Chicago Council on Foreign Relations, a faculty member and executive at UCLA, and an executive at the Ford Foundation. His publications include the book After the Cold War - American Foreign Policy, Europe and Asia (Macmillan and NYU Press).

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