How the EU Crisis will affect you

From Wealthwire.com:

Several European nations have already been downgraded and if several nations begin defaulting on their debt, the results could be devastating.

That devastation would first plague the European countries, then soon seep its way into our own nation. According to Douglas J. Elliott – fellow at the Brookings Institution – a European recession would have a domino effect and create a similarly dismal situation right here in the U.S.

These four crucial American sectors would be greatly (and quite negatively) affected in the aftermath of defaulting nations in the euro zone:

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