Fear of euro contagion stalks the US

With signs of improvement in the US economy, the last thing Americans want is to have their economy affected by the crisis in Europe, writes Niall Stanage in Washington DC.

13th November, 2011
Traders on Wall Street reacted with fear last week to Europe's financial crisis. Photo: Getty

The United States looked across the Atlantic with foreboding last week, fearful of how the eurozone crisis might affect its own economy or even derail its anaemic recovery entirely.

The fear could be seen on the markets, with the Dow Jones Index falling by almost 400 points last Wednesday and other major indices following suit. But it could also be heard in the comments of those who set America's economic course.

"The crisis in Europe remains...

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