Podcast: European Debt, a Tax Plan and General Motors

The article says that a resolution of the Greek financial crisis is not in sight. Approval of new powers for a stopgap bailout fund depends on the approval of all 17 members of the euro zone. Many other countries still need to vote and that even if they approve the strengthening of the fund, further remedies for Greece — requiring many further votes — will undoubtedly be required. The global economy, meanwhile, appears to be losing steam. Growth of the underground economy will only hinder Greece's recovery and it almost is admitting throwing in the towel on the euro.