The European Economic Crisis: Timeline and Impact, Pt. 3

A 10 minute video, well worth watching. Please allow video to load below.

Dan Daly, the Publisher of The Directors Letter, is joined by Sara Johnson, a Senior Research Director for Global Economics at IHS Global Insight. They discuss the rapidly evolving debt and financial crisis in Europe, including:

• How US exports to Europe and revenue will fall.
• European items to watch:
  • Interest rate spread on Sovereign Debt
  • Purchasing Manager Index
  • Role of EFSF and ECB
• Why only fiscal discipline, greater surveillance and enforcement will turn the European economy around.
• Why Europe, with few exceptions, will most likely experience another significant recession.

Part 3 of a 3 part video series.