How Greece's Financial Failure Can Affect America

A protester holds a banner in front of the Greek Parliament during a peaceful rally in central Athens, May 25, 2011. i

A protester holds a banner in front of the Greek Parliament during a peaceful rally in central Athens, May 25, 2011. Thanassis Stavrakis/ASSOCIATED PRESS hide caption

itoggle caption Thanassis Stavrakis/ASSOCIATED PRESS
A protester holds a banner in front of the Greek Parliament during a peaceful rally in central Athens, May 25, 2011.

A protester holds a banner in front of the Greek Parliament during a peaceful rally in central Athens, May 25, 2011.

Thanassis Stavrakis/ASSOCIATED PRESS

Riots erupted this week in Athens over the Greek government's efforts to deal with its huge debt. The government is debating more budget cuts that are meant to satisfy the European Union. The E.U. is arguing over whether to help Greece with a bailout. The E.U. is an important trading partner to the U.S., and financial failure in Greece can have global ramifications. Host Michel Martin discusses these ramifications with Roben Farzad, senior writer at Bloomberg Businessweek.

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