Cartoonist Jim Morin invokes Charles Dickens' A Christmas Carol to explain the fears the European debt crisis holds for the United States. The cartoon relies primarily on symbols to get the point across: the ghost, the barrel, Uncle Sam.
On May 1, the Greek government proposed a series of austerity measures including spending cuts and tax increases to help address the country's growing national debt. The proposal clinched a 110 billion euro bail-out package for Greece but triggered a national strike and widespread protests that turned violent. World stock markets fell sharply on fears that the debt crisis will spread through the euro zone.
• Fear spreads (The Economist)