Thu September 15, 2011
How The European Debt Crisis Could Spread
The world's major central banks are so worried about Europe's debt crisis that they are moving to shore up eurozone banks. The troubled banks hold billions in sovereign debt of Greece, Spain, Portugal and other struggling countries.
Left unchecked, this crisis could spill over into the U.S. economy. Here's how Europe's troubles could migrate to the U.S. and the rest of the world.