Fareed Zakaria and European Union

: European Union leaders and Greece creditors are making last-ditch efforts to avert a Greek exit from the joint euro-zone currency and unlock aid for the nation at risk of default, according to Bloomberg. Within Greece, the consequence of a failure here would mean a terrible, terrible decline in their economic performance, Lew said in an interview on CNN Fareed Zakaria GPS that will air Sunday. Photographer: Andrew Harrer/Bloomberg Share on Facebook Share on Twitter Share on Linked InShare on Reddit Share on Google+E-mailU.S. Treasury Secretary Jacob J. Lew said that a possible Greek exit from the euro would have a major impact on the country citizens and economy and that risks of potential consequences for other nations remains unclear. They will bear the first brunt of a failure. With its finances in tatters, it unclear how long Greece can hold out against the conditions attached to a fresh infusion of rescue loans. The clock is running down on a June 30 deadline for Greece to make payments of about 1.5 billion euros owed to the International Monetary Fund and work out a new deal amid disagreements on pensions, sales tax and a deficit target. (news.financializer.com). As reported in the news.