Domino-Effect: Greek crisis could threaten other EU-countries
VideoassistentenApril 28, 2010
The biggest concern for the EU has been that the financial troubles of Greece would spread - and pull down other Eurozone economies. For months now the Euro is has been rocked by the Greek drama. It took another dive on Tuesday after Greece's credit rating was lowered and stock markets plunged. The German Finance minister, Wolfgang Schäuble, now says Europe has to give a clear signal that it will NOT let Greece fall. Germany is expected to be the largest contributor to the bailout package. The move is hugely unpopular with German tax-payers - as it is in several European countries. But it is rapidly becoming clear - not helping Greece now - could have even more serious consequences later.