How would European economic collapse affect us?

United States
June 21, 2011 9:51pm CST
I was curious about this topic. A week ago, News about Greece economic collapse spread out and scare most of the investors. Such impact drove the stock market slide. From further information, Not only Greece in economic trouble, Ireland with its banking and real estate; Spain high unemployment rate; and also Italy banking trouble, etc..... are not the best news you want to hear. Are you also worry about it? Just like U.S. economic recession affects worldwide. I just also wondering, how European economic collapse might affect us in the United States?
2 responses
@de_toya (2429)
• Indonesia
23 Jun 11
I don't understand much about economic. In my opinion, because we are in global trading, if something happen in one country, it will affect to other countries which have trading relation. The questions is, how much the changes in certain country influence in internal economic other countries? If the country have good economic basis, this country won't be affected so much. But if don't, this country will be very affected. I other word, if a country does not depend too much from other countries, the country will be safe from the influence of other countries recession.
@minimoyz (277)
• Philippines
22 Jun 11
Everything affects something, no matter how small or big they are. This economic status of the countries you mentioned are unstable at the moment. First let's see why did this thing happened to them. Which is the number one factor that have cause the economic downfall of this countries. Every rise and fall of ones economy depends on how strong the economic system of a country or other area, the labor, capital and land, resources and the economic agents that socially participate in the production, exchange, distribution and consumption of goods and services in that area. The economic plummet of the USA has affected almost every country. Some countries are mainly connected with it that it also was pulled down with it. Third world countries are mainly the ones that got affected because their denomination power are based on how it would be spend on the international market. Thus, when the US$ becomes stronger the other denominations gets weaker. Damn! This will be a very long topic if I would go on. The bottom line is; the USA will be feeling its economic power grow again. The US $ will get stronger. The USA will have its economy on its feet again after being down this past months. I hope you got what I mean!! LOL