Updated: Nov. 4, 10:26 a.m. ET:
Greece is in trouble, and it’s taking the euro zone with it.
The national bailout plan agreed to by European leaders on Oct. 27, appeared to be in jeopardy when Greek Prime Minister George Papandreou called for a referendum on the plan that stands to significantly slash Greek debt, and, in so doing, help preserve the nation’s status as a participant in the euro zone.
The turmoil in Greece is taking its toll on the markets both here and abroad. Meanwhile, the news has forced world leaders gathered for the Group of 20 annual summit to throw their original plans for the gathering out the window as they are called on to address Greece’s increasingly dire predicament.
" What would you do to resolve the crisis in Greece? "
If one thing is abundantly clear, it’s this: Greece, and by extension the euro zone, could use some innovative ideas — and fast.
Innovation in a time of crisis presents a unique set of challenges, but it also eliminates some barriers to creating something fundamentally new. In moments of prosperity and relative calm, the goal is not always 100-percent clear. In a crisis, however, the goal could not be more clear and, as the construct of “the clock” in suspense movies keeps your heart racing and mind engaged, so does the very real clock in an actual crisis.
So, given the dire straits and the impending crisis, we thought we’d take an opportunity to open up the debate and see what innovative solutions you might have to the crisis in Greece.
We’ll be keeping tabs on your comments and following your feedback on Twitter via #FixGreece.
Update: Nov. 4, 10:26 a.m. ET:
Trigger CDS. Eurobonds. New political powers. Anti-cortuption agency. #fixgreece
Update: 2:22 p.m. ET:
Here are are some of the comments we’ve seen on Twitter:
Read more news and ideas on Innovations: