Should the US Care About Saving the Euro?

Thursday, December 08, 2011

French President Nicolas Sarkozy (R) shakes hand with German Chancellor Angela Merkel after their meeting at the Elysee palace on December 5, 2011 in Paris Nicolas Sarkozy shakes hands with German Chancellor Angela Merkel. (Eric Feferberg/Getty)

European leaders meet in Brussels on Thursday for the start of a two day summit in what many are hoping will be a turning point for resolving the euro zone crisis. Expectations are high that a deal can be brokered by Germany and France to overhaul economic rules and create confidence in the beleaguered currency. Treasury Secretary Timothy Geithner met with European officials earlier this week, a sign of American interest in reaching a resolution. But some economists and politicians are beginning to question whether, from the U.S. perspective, the euro is really worth saving.

Joining The Takeaway to discuss the EU summit, and question the importance of saving the euro, is Megan McArdle, senior editor for The Atlantic. She says what happens to the euro could have a major impact on the U.S. economy. Steven Erlanger,Paris bureau chief for The New York Times, reports on the latest from Brussels.

Comments [1]

David

The only reason to save the euro, is to further enrich the pockets of the elite! The super powers which devised the plan to emplement the euro to begin with!

Dec. 09 2011 12:00 AM

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