The European economic crisis affects not only Europe

You may ask yourself: “Why is the EU economic crisis of such importance for the U.S. economic recovery?” The answer is globalization and inter dependance of economies, trade and a simple supply and demand equation. This article explains the effects of the EU economic crisis on the USA economic growth. And also the role that Germany has to play in resolving the situation, and the need of other countries to follow.

Another interesting view of the similarities between a company and the individual European economies is presented by the CEO of L’Oreal here.