According to yahoo and the financial times yesterday, Greece is in the middle of a potentially devastating debt crisis. Years of production and consumption on debt and loose fiscal policy have lead to this huge deficit. Rescue packages have been offered to Greece, but the Greek government has denied them. They instead are looking for different options to somehow find a resolution to the crisis. European officials aren’t too worried about Greece’s debt and have not made much effort at creating a bailout plan. Experts are unsure of which plan of action will be more effective at solving the Greek crisis: let Greece default or bail Greece out. Read more...

YR alum and finance blogger Lauren Silverman has been working on a series on "brain-drain"- the phenomenon of college graduates leaving the state where they earn their degrees- in Michigan for Michigan Radio.

“Michigan does a great job producing college graduates, but struggles to keep them here. The exodus of educated young people has come to be called brain-drain. It’s a threat to Michigan’s future because those packing their bags are crucial to an economic recovery.”

The issue at a whole is being chronicled at generationymichigan.org.

(via Silverwoman's Slant)

Dollars. Moolah. Franklins. Cash. Whatever you call it...everyone has an opinion on money. 

So what do teens have to say about spending, saving, and the economy? Find out by watching Youth Radio's Making Cents--A monthly video collaboration with Marketplace where teens talk money...

Episode 1's question to teens: What financial habit did you pick up from your parents?