High Stakes Financial News: From Greece To China
There are a number of dramatic economic stories in the news today. In Greece, banks and markets are closed, as the country edges towards a default and or exit from the eurozone.
Meanwhile, Puerto Rico’s governor now says that the commonwealth cannot pay its $72 billion in debts. And in China, stocks have tumbled into a bear market, despite a move by the central bank there to cut interest rates to a record low.
Jill Schlesinger of CBS News joins Here & Now’s Jeremy Hobson with details.
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