As the Greek debt crisis rocks the eurozone, European Central Bank President Jean-Claude Trichet downplayed fears that Portugal and Spain would need to be bailed out.
The fear of contagion from the debt crisis in Greece may have helped create the reality of it in financial markets.
Investors are wracked by uncertainty. Might Greece still default on its debt? Might Germans pull back financial support? Which country might be next? The questions are unsettling stock prices.
Greece protests against the government's tough spending cuts broke out in Athens Thursday, was stocks plunged on Wall Street over concerns about tightening credit markets and declining global demand.
Three bank workers, one of them pregnant, were killed in Athens riots when anti-austerity protesters threw Molotov cocktails at an Athens bank Wednesday.
About 100 Communist Party supporters broke through the gates of the Acropolis, the city's chief ancient monument, and hung banners in Greek and English reading 'Peoples of Europe Rise Up.'
Greece’s eurozone partners and the IMF this weekend agreed to a $146 billion bailout to stem the Greece crisis. But in return, the country’s leaders have been forced to implement a harsh austerity program.
The bailout proposed for the Greek debt crisis would actually earn money for Germany and other EU lenders.