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View Diary: If the Euro fails. (282 comments)

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  •  Hmm? (6+ / 0-)

    Europe happens to be the largest export market for the US, it accounts for around 1/3

    If we lose 1/3 of our exports either Obama drops the value of the dollar enough to try and keep market share and our workers suffer or we lose part of 1/3 of our export related jobs.
        What concerns me is China how much does the EU import from China, India, Brazil etc the countries doing well in this economy?
         If they suffer even a 10% drop in exports a bunch of rich people in America who exported jobs to those countries will need another bailout.

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