Economy

The Financial Problems With Greece

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Eurozone leaders say they will come to Greece’s rescue. But Greece’s Finance Minister, George Papaconstantinou, wants details, as to how exactly other eurozone nations will bailout his country. Papaconstantinou said the 16 countries that use the Euro need to devise a mechanism to help any nation that cannot pay its debts. At the same time, the European Union statistics agency, Eurostat, is saying that Greece falsified its data to hide the extent of its debts. Now the EU has given Greece until the end of February to provide more details of that.

In this podcast, we explore what went wrong with Greece and what it means for the rest of us. Also, an update from Haiti: How to bring jobs to the millions of unemployed. And a small flower shop near Vancouver that is putting together 1,800 bouquets for all the Olympic medal winners.