What's the Impact of a European Recession?

What's the Impact of a European Recession?
State exports won't suffer unduly. Banks with ties to the Continent are faring worse (Graphic by Bloomberg Businessweek; Data: Wells Fargo Securities, Commerce Dept., JPMorgan Chase, IMF; Data compiled by Bloomberg)
Graphic by Bloomberg Businessweek; Data: Wells Fargo Securities, Commerce Dept., JPMorgan Chase, IMF; Data compiled by Bloomberg

U.S. exports to Europe are such a small share of GDP that a drop in orders would have little effect. Financial contagion is another matter, with the U.S. and European banks intertwined.

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