Greece Reality Check Euro Crisis Worsens as EU Leaders Play for Time

Europe's leaders are still opposing a Greek debt restructuring, and they are exacerbating the euro crisis as a result. The Greek economy is at risk of collapse and resistance to further loans for the troubled nation is mounting. The continent urgently needs a new bailout plan.
Von SPIEGEL Staff
Greek Prime Minister Georgios Papandreou (L) with French President Nicolas Sarkozy (C) and German Chancellor Angela Merkel (R) at an EU summit in February.

Greek Prime Minister Georgios Papandreou (L) with French President Nicolas Sarkozy (C) and German Chancellor Angela Merkel (R) at an EU summit in February.

Foto: REUTERS
Translated from the German by Christopher Sultan