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Greece's financial woes dominate headlines across the globe, with images of angry citizens and protests across the Internet. Greece has requested a third bail out from the European Union and its creditors. How did Greece get to be in this crisis? What steps can the Greek people and state take to move forward? What steps will the European Union take following this chaos? What lessons about economic policy can we learn from this financial misfortune? These questions and others from the audience are answered by Professor Villamil.

Anne Villamil is a Professor of Economics & Finance and a Henry B. Tippie Research Fellow at the University of Iowa. She earned her B.A. at the University of Rochester and her Ph.D. at the University of Minnesota. Her research focuses on financial contracts, with emphasis on firm finance, bankruptcy and enforcement, and the quantitative effects of institutions and policies on financial markets and development. She holds recent grants from the NSF, NCSA, and the Kauffman Foundation. Villamil has been a research scholar at the IMF, the Institute for Advanced Studies in Austria, the National University of Singapore, University of Paris 1-Pantheon-Sorbonne, the Hallsworth Visiting Professor at the University of Manchester, and the Peter Moores Research Fellow at the University of Oxford. She is the Editor of the Annals of Finance, and an Associate Editor at Economic Theory and the Quarterly Review of Economics and Finance. For more information on the Foreign Relations Council visit their website.