Greece on the Verge of Insolvency?
The Euro is under pressure: budget deficits spinning out of control,dwindling confidence in the common currency,and a national bankruptcy on the horizon. Criticism is focusing on Greece.It's budget deficit in 2009 is almost 13 percent,and the worst is yet to come. Greece's debt crisis could throw the currency union into crisis. The big question: can the European Union afford to let a member country go bankrupt?
Report by Militades Arsenopoulus.