World finance leaders see threats ahead for global economy

WASHINGTON (AP) — The world's financial leaders see a number of threats facing a global economy still on an uneven road to recovery with U.S. and European officials worrying that Greece will default on its debt.

Retail sales key to U.S. economic recovery

WASHINGTON (MarketWatch) — If the U.S. economy is to continue to chug along, consumers will have to take the lead.

Greek default, new crisis essential for Europe's economic recovery

Greece is on the verge of bankruptcy. This week, European Commission experts will arrive in Greece to work with its government on a new set of to help the country meet the criteria for receiving another bailout from the European Financial Stability Facility (EFSF) and the International Monetary Fund (IMF). But there is little hope that financial aid can save Greece. The German government is already analyzing scenarios of a Greek default, which many experts consider inevitable. Meanwhile, Christian Lindner, the general secretary of the Free Democratic Party of Germany (FDP), said on Sept. 12 that he does not rule out Greece's withdrawal from the eurozone.