Thousands of eyes will be on the city of Chicago this weekend as visitors from around the globe gather for the NATO summit—but few people will get an inside look at the actual meetings. Former U.S. Ambassador J.D. Bindenagel has been behind the scenes at several NATO summits over the years.
American credit ratings agencies recently downgraded Greece, Portugal and Ireland’s debt to junk status, making it harder for the EU to avoid an economic meltdown. In Europe, there’s growing discontent over these agencies’ unchecked power.
Eurozone finance ministers and economists from around the world now argue over the best solution to Greece’s spiraling economic crisis. Some want more rigorous austerity measures, while others believe Greece should default on its debt and abandon the Euro.