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The European debt crisis
Small Business Webinars - European debt crisis. For the time being, the European Union faces the most imminent sovereign debt threat. Spain, Portugal, and Greece have all seen their debt downgraded in recent months. Greek debt is now valued at "junk" status. To calm fears throughout the world that Greece could potentially default on its debt, members of the European Union have set up a $1 trillion bailout fund. Still, this fund doesn't guarantee that countries like Greece will be able to fix their budget woes, and that has implications for the state of the U.S. economy. "It weighs a lot on the financial system because what we're really talking about is the health of European banks, and our banks are going to have a lot of exposure to them," Tjornehoj says.
Abogados July 6, 2010 11:32 AM