KTEP - El Paso, Texas

U.S. Default Would Have Adverse Effect On Europe's Recovery

Oct 16, 2013
Originally published on October 16, 2013 3:58 am

The possibility of an American default on its debt is huge news across the continent. Europe is barely emerging from its own debt crisis. Europe's recovery rests on demand for its exports and the U.S. is by far the European Union's largest export market.