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Europe Debt Crisis Sparks Reminders Of Lehman Brothers

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GREECE DEBT CRISIS
A protester shouts a slogan as she waves the Greek flag during a protest outside the Parliament in Athens, Thursday, June 30, 2011. (AP Photo/Thanassis Stavrakis) | AP

With its high unemployment and stretched balance sheets, today’s US economy can ill-afford a negative shock from abroad. Yet, this is what it is experiencing. And it explains why markets go through bouts of nervousness about the debt crisis in Europe, and why American policymakers are worried about a foreign financial situation that is getting worse by the day.

Read the whole story at Reuters

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