With Greece in flux over whether it'll remain in the eurozone, other weak economies like Spain are feeling the heat.
The worst could be yet to come in Spain — not because of public debt, but because its banks are still laden with unpaid real estate loans, putting both the banks and the housing market in jeopardy. Real estate prices in Madrid are still high, though salaries are frozen and unemployment soars. When Ireland's housing bubble burst, prices dropped more than 40 percent. But in Spain it's an 18 percent drop on average.
A story in The Atlantic uncovers new information about the alliance between the United States and Pakistan, including a move by Pakistan to disperse its nuclear weapons in civilian vehicles after the U.S. raid that killed Osama bin Laden. Host Steve Inskeep speaks to the author, Jeffrey Goldberg, about what's been discovered.
The presidents of Afghanistan and Pakistan met in Istanbul Tuesday to discuss how to stabilize Afghanistan as foreign troops leave. A suicide attack in Kabul Saturday left 13 NATO forces dead, part of a string of recent violence. Host Renee Montagne speaks with Seth Jones of the RAND Corporation about the state of security.
At the G-20 summit in Cannes, France, Europe's leaders are trying to reassure their colleagues that they have control of the debt crisis. While the G-20 would have preferred a broad agenda, Europe's troubles have overshadowed everything else. Host Renee Montagne speaks with NPR's Eric Westervelt.
Prime Minister George Papandreou has backed down from a referendum on the European Union bailout package and he faces a vote of confidence Friday. NPR's Sylvia Poggioli tells host Steve Inskeep his future is uncertain.
Friday morning, the Labor Department releases its unemployment report for October. The unemployment rate has been stuck above 9 percent for most of the past three years, and it's not expected to dip below that this month. Host Renee Montagne speaks with NPR's Jim Zarroli about the numbers and the outlook for the U.S. economy.
The airline industry expects that fewer Americans will travel by air this year over the Thanksgiving holiday. The still-sluggish economy is lessening demand for air travel, but it's not dropping prices. Those who do fly for Thanksgiving will still find their flights packed.
Swat Valley was once Pakistan's premier vacation spot. The area is trying to regain its appeal after regional conflict and massive floods. Co-hosts Steve Inskeep and Renee Montagne report on an effort underway to rebuild Swat Valley's economy.