Effect of European Debt on U.S. Economy.mp4
Channel: The Philosophical Angle
Date: 2012-06-22

The inefficiencies of the European Welfare Societies will have to be re-ordered to more efficient market oriented economies, and as such, will require an interim re-ordering period whereby the economies will require some time to deconstruct the inefficiencies of the governmental spending to the efficiencies of private economic spending and investment.

This period of adjustment will cause a recession to occur which will influence its economic partners which include the U.S.  Hence, unfortunately, the U.S. economy will most probably go into a recession for a while as the European Economies adjust to their new austerities.