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WHY IT MATTERS: Europe's Economic Crisis

Tuesday, October 9, 2012

WN.com - Business News
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WHY IT MATTERS: Europe's Economic Crisis
Oct 10th 2012, 06:22

The issue: Europe is struggling to control a debt crisis, save the euro currency and stop a repeat of the 2008 financial crisis that sent the world spinning into recession. The continent's troubles are the No. 1 threat to the fragile U.S. economy. If the crisis spreads to the U.S., Americans could find it harder to get loans and the country could slip back into recession. ___ Where they stand: Neither President Barack Obama nor Republican presidential candidate Mitt Romney has offered plans for Europe. The U.S. government lacks the cash and the will to rescue European countries...

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