The Eurozone Crisis and Implications for the United States

By Global Economics Group on November 2, 2011

On October 25, 2011, GlobalEcon Director Douglas Elliott testified before the U.S. House Subcommittee on International Monetary Policy and Trade regarding the European crisis and its implications for the United States.

Douglas Elliott is convinced that if Europe were to be shaken by a series of nations defaulting on their government debt then the continent would plunge into a severe recession.  Europe’s recession would trigger a recession of our own, although a less severe one, through a number of links across the Atlantic.

To read his entire testimony, click here.