If you keep up with global news or financial trends at all, then you are most likely well aware of the devastating financial situation Greece is currently in. They have bottomed out and much like many of our car companies are being bailed out.
You may be thinking, “sucks for them” but really, it potentially could suck for all of us. Greek Prime Minister, George Papandreou came to the United states with a message, "If the European crisis metastasizes, it could create a new global financial crisis with implications as grave as the U.S.-originated crisis two years ago."
Though the European Union is hopeful that they will be able to keep the financial strain from spreading to other countries around the world, the threat is there. Where Americans will feel the effect the most in in exports. Matthew Bandyk pointed out in his article that when Obama gave his State of the Union Address, he had stated that he wanted to double exports over the next five years, that might be hard to achieve if we feel the repercussions of Greece’s financial shortcomings.
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