European debt problems in Greece and Italy could drag down the US economy. Italy’s $2.4 trillion debt is a ruinous milestone which could trigger sovereign bank failures. Promised austerity measures will impact trading. Europe accounts for 21% of US exports.
Post Tagged with: "European fiscal crisis"
November 9, 2011 11:05
European debt could impact US economy
The dominoes are beginning to fall. First Greece now Italy. Austerity measures required in Europe to bail out these bankrupt economies could cause a recession in the US economy. Europe is a big buyer of US goods and services.
October 28, 2011 15:54
Europe’s Future Comes Into Focus: Hyperinflation
Italy and Spain will remain under pressure. Nobody has the money to save them or to recapitalize the banks again when the big deficit countries lose access to the market and fail.
October 25, 2011 05:36
Greek Trader Tells Us The State Of Things, And Explains Why The Worst Is Yet To Come
The painful part of austerity hasn’t even hit yet, nobody in Europe has any idea what’s going on, and social strife, if it seems bad now, will become a daily issue.
October 19, 2011 06:12
Kiss the European Union Goodbye
The problem of the EU and the euro “is the loss of an independent monetary policy” because what works for Germany does not necessarily work for France, Spain, Italy, and the other EU members.
October 11, 2011 09:17
Double-Dip Recession a Foregone Conclusion: Roubini
“The question is not whether or if there is going to be a double dip, but whether it’s going to be mild or severe with another financial crisis,” Roubini told CNBC
September 29, 2011 09:15
Obama looks ridiculous as he lectures Europe while wrecking the US economy
It is rather ironic that Barack Obama, who has probably done more damage to the American economy that any president in modern US history, is now lecturing European leaders on their financial problems as well.
September 29, 2011 08:36
The EU robs our children – British MEP
And the Debtocrats led by Obama are robbing American children. British MEP Daniel Hannan on the lunacy of borrowing yet more money on the backs of future generations.
July 1, 2011 08:21
Fed’s Massive Stimulus Had Little Impact; Pessimistic on Debt Agreement : Greenspan
The Federal Reserve’s massive stimulus program had little impact on the U.S. economy besides weakening the dollar and helping U.S. exports, Federal Reserve Governor Alan Greenspan told CNBC Thursday.
June 29, 2011 06:07
Bloody Greek riots as socialism’s promise fails
Are we far behind? The Utopian promise of the government supporting everyone is turning into a Marxist nightmare as reality sets in. The socialists have run out of other people’s money to buy votes with. Sound familiar Democrats?
