Tagged: Europe

Camp David, in the Maryland hills outside Washington, D.C., is usually a place for the president and his family to get away from work, a wooded refuge with a swimming pool, tennis courts and a putting green.

This weekend, though, President Obama is bringing work with him to the camp — along with the leaders from most of the countries with the world's largest economies.

The Group of Eight is meeting in the rustic setting, but the agenda will be all business.

Despite all the chaos and misery of the Greek debt crisis, the country still has some major assets: It's a stunningly beautiful place, with sunny weather, great beaches, ancient marvels and modern amenities.

Greece has been attracting visitors for centuries — at least since Darius the Great led an unsuccessful Persian military package tour about 2,500 years ago.

That didn't work out so well for Darius, who was defeated at the Battle of Marathon.

John Peet, Europe editor of The Economist in London, talks to David Greene about European reaction to heightened speculation that Greece may leave the eurozone. Next month, voters are likely to back parties that want to tear up the IMF-EU bailout deal.

Euros are being drained out of Greek banks at a rate of up to $1 billion a day this week. In the wake of the country's election turmoil, depositors are nervous about the heightened possibility of a Greek exit from the euro. If that were to happen, euros left in Greek banks could be worth much less than euros outside the country.