World Awaits Another High-Stakes Weekend -- Will Greece Take Us Down?

As European officials meet in Luxembourg Sunday in a two-day bid to halt a spiralling Greek debt crisis, unsettling parallels can be found with a weekend gathering of U.S. officials three years ago.

As is now etched into popular memory, the frantic deal-making at the Federal Reserve Bank of New York on Sept. 14-15, 2008, failed to prevent the troubles of another single borrower, Lehman Brothers, from throwing the entire world’s financial markets into turmoil. Could the same happen again? Might the struggle to save Greece suffer from the same failure of best intentions?

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