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12:08, Fri 7 Dec 2012
Ripping across the Atlantic: how the Eurozone crisis will affect the US - The Eurozone crisis has profound implications for the US, in at least three respects. US banks are closely intertwined with those of Europe. The impact of a banking shock would not stop at the east coast of the Atlantic. US companies have very large direct investments in Western Europe, and transatlantic trade is important to them. A prolonged slowdown in Europe would leave a mark on the US economy. Europe is a major strategic partner of the US, through NATO and a string of bilateral relationships. How might these relationships change in the years ahead?