Flowchart: Where the Greek Debt Crisis Goes From Here

Confused about the Greek debt crisis? You're not alone. The latest news is that the European Central Bank is trying out its own version of TARP by creating a so-called "bad bank" to buy up Greece's risky bonds in the hopes of reassuring investors. In return, Athens must agree to a new austerity measures to save enough money to pay back investors who buy their expensive debt. The blog Zero Hedge has passed along a super useful flowchart of what happens if Greece doesn't meet the demands of the Euro zone, the ECB, and the IMF -- i.e. the Troika. Click through. It does a really nice job of explaining why this saga could still produce just about any ending, from a slow, boring victory for the European Union to the dissolution of the euro and a second global recession.

Presented by

Derek Thompson is a senior editor at The Atlantic, where he writes about economics, labor markets, and the entertainment business.

How to Build a Tornado

A Canadian inventor believes his tornado machine could solve the world's energy crisis. The only problem? He has to prove it works.

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register with Disqus.

Please note that The Atlantic's account system is separate from our commenting system. To log in or register with The Atlantic, use the Sign In button at the top of every page.

blog comments powered by Disqus

Video

How to Build a Tornado

A Canadian inventor believes his tornado machine could solve the world's energy crisis.

Video

A New York City Minute, Frozen in Time

This short film takes you on a whirling tour of the Big Apple

Video

What Happened to the Milky Way?

Light pollution has taken away our ability to see the stars. Can we save the night sky?

Video

The Faces of #BlackLivesMatter

Scenes from a recent protest in New York City

Video

Ruth Bader Ginsburg on Life

The Supreme Court justice talks gender equality and marriage.

Video

The Pentagon's $1.5 Trillion Mistake

The F-35 fighter jet was supposed to do everything. Instead, it can barely do anything.

More in Business

Just In