Euro Faces First Big Test in Greece

Nariman Behravesh, chief economist at IHS Global Insight, an economic forecasting and consulting firm, tells NewsHour that Greece isn’t the only concern the EU has on its radar. Portugal, Ireland, Greece and Spain — or “PIGS” as the financially unstable group has been dubbed — are causing concern among EU officials who fear that bailouts might reinforce bad fiscal behavior while expulsion from the currency group would cause longer term damage.

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