What Does Greece's New Left-Wing Government Mean for Europe's Economy?

Voters in Greece ushered in a left-wing government this weekend that promised to release the country from austerity measures imposed as part of its $270 billion bailout from the European Union. Some experts worry that the election results could spell a Greek exit from the eurozone, which economists warn would be disastrous for Greece, Europe and the global economy. We look at the politics and economy of Greece and the future of the eurozone.

Greece's new Prime Minister Alexis Tsipras. (Milos Bicanski/Getty Images)

Host: Michael Krasny

Guests:

  • Barry Eichengreen, professor of economics and political science at UC Berkeley and author of "Hall of Mirrors: The Great Depression, the Great Recession and the Uses -- and Misuses -- of History"
  • Markos Kounalakis, visiting fellow at the Hoover Institution and publisher emeritus at Washington Monthly
  • Stephany Griffith-Jones, financial markets director at the Initiative for Policy Dialogue at Columbia University