I have been looking for a source (a video or reading) to explain the debt crisis to my freshman World Studies. I feel certain that there has to be something really great and consumable out there, but I haven't found it yet. Here's what I will use if I can't find something better:
In which John explains the Greek debt crisis, which has pushed the Greek government close to defaulting on its loans, the reasons why the Euro zone and the IMF are desperately trying to bail Greece out, and what the rising cost of sovereign debt means for the massive budget deficits throughout the developed world.
The European debt crisis can easily feel like an unwieldy, unmanageable mess of complex jargon and financial terms. Here’s Wonkblog’s explanation of what’s happening across the Atlantic Ocean with the help of eight key graphs
Thanks Sarah glad they helped -- consider checking out our Current Events page on EconEdLink -- http://www.econedlink.org/economic-current-events.php -- we are concentrating our search efforts on the European Debt Crisis -- and we also link concepts to our lessons -- might be some nuggets