Europe must act quickly in order to defuse a
debt crisis that is threatening the global economy. U.S. Treasury Secretary
Timothy Geithner visited the European leaders on the eve of a summit that could
possibly yield a plan for resolving the crisis. One of the reasons being that
the United States is very vulnerable to any financial contagion that might
erupt in Europe. If the banks with European government debt cut off its
lending, then the global economy will definitely suffer.
http://news.yahoo.com/us-prods-europe-crisis-publicly-privately-080240485.html
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