Jeffrey D. Sachs is Director of the Earth Institute at Columbia. His latest book is The Price of Civilization: Reawakening American Virtue and Prosperity.
Following the election of a pro-bailout party in Greece on June 17, the new Greek government being formed this week will try once more to negotiate a solution to its intractable debt crisis that will keep it in the eurozone. But how did Greece get into this situation in the first place? Are other countries at risk of falling into the same predicament?