Greece's Economy Remains Embroiled In Turmoil

April 17, 2015 9:03 AM

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Finance ministers from around the world are arriving here in Washington, D.C. for their annual spring meetings. And two are getting particular attention, the finance ministers from Germany and Greece. Germany is Europe's strongest economic power. Greece's economy has been in shambles for years. It's received bailouts from the EU, agreeing to massive austerity cuts. Greeks elected a new leftist government in January, rejecting austerity, raising concerns about Greece's future in the eurozone. The Greek and German finance ministers were on stage separately at the Brookings Institution yesterday, with David Wessel, who's a senior fellow there. David's also a contributing correspondent to The Wall Street Journal and a frequent guest on this program. He joins us on the line. Good morning, David.

GREENE: So things in Greece have been bad for a long time. We've heard about it for a while. Is this an especially desperate moment?

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