The Right Coast

Editor: Thomas A. Smith
University of San Diego
School of Law

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Tuesday, December 6, 2011

Tremors from a euro collapse would be global, with U.S. recession likely - The Washington Post

To get a sense of how vulnerable the U.S. economy could be if the euro currency union cracks apart, start with the volume of U.S. exports to the euro zone — $153 billion in the first six months of the year. Add several hundred billion dollars in investments by U.S. banks in the euro zone and several trillion dollars’ worth of other financial contracts between the two economies.

via www.washingtonpost.com

http://rightcoast.typepad.com/rightcoast/2011/12/tremors-from-a-euro-collapse-would-be-global-with-us-recession-likely-the-washington-post.html

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