WHY IT MATTERS: Europe’s Economic Crisis


Europe 1999

Europe 1999 (Photo credit: Greg_e)

By Paul Wiseman – 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.

Why it matters: Europe buys 22 percent of the goods America exports. U.S. companies have invested heavily in Europe.

Europeans are struggling to repair a system that was flawed from the start. The euro, introduced in 1999, makes it easier to do business across Europe; no more changing francs to deutschemarks when French and German companies do business. But the common currency joined countries with vastly different economies and political cultures — and each got to keep running its own budget. more> http://tinyurl.com/8r5rjfg

One response to “WHY IT MATTERS: Europe’s Economic Crisis

  1. Pingback: WHY IT MATTERS: Europe’s Economic Crisis « Timothy Mobley's Blog

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