Greek Prime Minister Antonis Samaras is warning that his country may be on the way out of the eurozone. This in itself is not news, but its immediacy is. Voting looms on austerity cuts imposed by the nation's creditors amid popular opposition to the cuts. Venizelos, a socialist leader in support of the cuts, said, "we are confronted with two choices: one is very difficult and the other is catastrophic." Samaras himself advocates the cuts as well, warning that failure to adhere to the $23 billion cuts may result in a reversion to the drachma, Greece's former currency. Samaras's country has become the international poster child for financial crisis, and decisions made in the near future will have far-reaching consequences for Greece and many other nations.
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Posted by Colin Wescott
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