Is a Greek Debt Default Inevitable?

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The Greek Finance Ministry said talks resumed last night between the country and international leaders, on a way to loan cash to Greece by mid-October and save it from defaulting. U.S. and European markets have fallen as Greece's fate hangs in the balance, and many are wondering how a Greek default would impact the rest of the world. Yesterday, the IMF cut its projections for economic growth in America and Europe, largely because of uncertainty over the European debt crisis.

Constantine Michalos, head of the Athens Chamber of Commerce, and Louise Story, Wall Street and finance reporter for The New York Times, speculate on Greece's financial future.