Europe crisis

by almanashir - 8/19/12 11:19 AM

So what is going to happen there will or not affect US? There are very intriguing news coming from over the seas and according to leading analysts the situation is grim.... Apparently Greece is down the drain -- whike the debt erasing did not help -- Spain and Italy are already struggling as well.
The question is ... will the whole economy collapse or could this somehow be contained to Europe?
I think this is going to shock all of us around the world.
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Very nice article here:
http://en.wikipedia.org/wiki/European_sovereign-debt_crisis
and here:
http://www.guardian.co.uk/business/2012/aug/19/eurozone-latin-america-debt-crisis-1980