For more on the impact of this major financial issue in the eurozone, Daljit Dhaliwal speaks with Peter Coy, the economics editor for Bloomberg BusinessWeek. He says that other European countries are waiting to see how the Greece government follows through with its pledges — and that the problems in Greece may benefit the U.S. in the short term.

Our German partner Deutsche Welle reports on how  many Greek citizens took to the streets to protest the government cutbacks.

One of the big problems faced by the United States and other countries is just how to get rid of their so-called toxic assets. Germany faces a similar problem, and has considering an idea that would put all the troubled loans into a “bad bank.”

Peter Coy, the economics editor for BusinessWeek magazine, joins Martin Savidge to discuss plans in Britain and the U.S. to help troubled homeowners reduce their monthly payments, Germany’s approach to getting rid of toxic assets and China’s relative optimism about the future.

The president says he is “very confident” the plan would help to ease credit. The plan was greeted with enthusiasm on Wall Street, where the Dow and Nasdaq were up sharply, and major markets made big gains in Asia and Europe.

Peter Coy, economics editor of BusinessWeek magazine, joins Martin Savidge to discuss world stock markets, how Western European banks will be impacted by the plan and foreign banks being bailed out by U.S. taxpayers.

Peter Coy, economics editor of Business Week magazine, speaks with Martin Savidge about the effect of price drops on oil producers and the future of oil prices.

For more on oil and other resources, see our interactive map: The world according to energy.