How the Fall of the Euro Will Affect Us All

If the Euro Hits the Skids, What Will That Mean for the United States?

Is the Euro on the Brink of Extinction?

Europe. Land of classic artistic masterpieces, of perfect flaky croissants, of crushing debt that threatens to destabilize the global economy.

These days, conversations about Europe are at least as likely to concern failing banks and government debt as the Eiffel Tower or the hills of Tuscany. But why? They're over there and we're over here. Why are we, and our media, following the sagas of Greece and Spain and Italy so closely? Well, it turns out there is more at stake for the United States than geography would suggest.

"If other countries can’t grow, they can’t afford to buy American goods and services," said Michael Quinn, professor of economics at Bentley University in Waltham, Mass. "That’s going to cost American jobs."