Alan Greenspan: US Facing 'Dangerous' Threat From Euro Debt
October 7 — The U.S. economy and stock market face severe consequences from the European financial crisis, which will not resolve itself without major debt restructuring, former Federal Reserve Chairman Alan Greenspan said.
"I think it's very dangerous," Greenspan said in a CNBC interview. "Everyone's got their fingers crossed." As global policy makers struggle to find a solution to the daunting problems Greece and other nations face with sovereign debt , the primary debate in the U.S. is how much contagion there will be for the domestic economy. Read more.
