As a breakup of the eurozone -- a once seemingly impossible scenario -- becomes increasingly likely, economists are starting to sketch out what a post-euro world would look like. Many are warning that if political leaders don't change course, a breakup of the eurozone would plunge the United States and the rest of the world into a slowdown and possibly another recession. "If Europe turns out badly, it's much more likely we'll go into recession," said Michael Spence, a Nobel Prize-winning economist at the New York University Stern School of Business.
Crisis In Europe Threatens World Economy
Bonnie Kavoussi, Huffington Post: Business
Mon, 11/28/2011 - 4:20pm
Topics: michael spence nobel prize-winning new york university stern school business italian spanish interest france belgium simon tilford center london december germany christopher low ftn financial leaving argentina jurgen odenius prudential fixed income portugal federal reserve american congressional research service u.s emerging united states europe a i in nov bank tilford greek greece low u.s odenius world economy eurozone percent debt currency forced bonds money exports debts troubled levels country grow euros borrow rose plunge costs bond resort lender people goods
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