Lawmakers in Portugal today defeated a plan to cut government spending, adding to fears that its budgetary woes will continue.
European markets faltered this week, as worries mounted that the threat of financial crises in Greece, Portugal, and Spain could spread across the Eurozone — and possible beyond.
Daljit Dhaliwal spoke with Marcus Mabry, international business editor of The New York Times, about a potential European financial meltdown and what it means for the rest of the world– and the United States.
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