Europe’s debt crisis has roiled financial markets and populations. But beyond nationwide strikes and gyrating markets, Europe has put its crisis to good use. Here Jacob Funk Kirkegaard, a research fellow at the Peter G. Peterson Institute for International Economics points out five trends that will ultimately strengthen the European Union and the euro currency.
If a real shooting war came to the Koreas, the economic disruption would be global, though Asian nations likely would pay a higher price than the US. Some economists fear significant long-term changes to international trade.
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