09/13/2011 06:26 pm ET Updated Nov 13, 2011

Could Europe's Economic Crisis Sink Us?

As Americans fixate on the battle for the Republican presidential nomination and the continuing travails of the U.S. economy, the real story in financial land is what is happening in Europe. The issues aren’t new: concerns over the contagion of a default of Greek debt, or Irish or Portuguese or Italian, have been percolating for more than a year and a half. But there is a definite sense of late that these issues are potentially spinning out of control.

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