New York Times
October 22, 2011
The global financial system is highly interconnected. So problems in one part of the world can reverberate almost everywhere else — risking a cascade of default, contagion, contracting credit and collapsing economic activity. Exhibit A now is Europe.
European Union leaders are meeting this week to at last deal with a debt crisis rattling investors worldwide who once thought leading to euro zone countries was virtually risk-free. The graphic here helps you see the intertwined complexities.
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