In Europe, there are real concerns that an economic recovery may be derailed by soaring budget deficits.
Even though the eurozone is officially out of recession, concerns about debt levels are growing.
The tip of the iceberg is Greece, whose credit rating was recently downgraded after its deficit ballooned to four times the E.U. limit.
For more on Europe’s debt worries, Daljit Dhaliwal interviews Rana Foroohar, the senior editor of the overseas editions of Newsweek.