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Published: Monday 12 August, 2013

bags sale online bags sale online ?The European debt crisis and you

consumer and business confidence. Heres how the European debt crisis could affect Americans:

Do you work for a company that sells things globally?

Watch out. If the European economy tanks and there are already signs it is going into a recession companies that export goods to the continent are likely to be more exposed to losses than their more domestically focused counterparts. That could mean layoffs or workers hours being cut back.

Fears about an economic collapse or new financial crisis in Europe hurt your prospects for a job; successful resolution of the crisis would help them. employers, who have been reluctant to hire. It therefore doesnt take much for them to scrap hiring plans.

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Are you planning to buy or refinance a house?

The European crisis is making mortgage rates lower. Global investors are looking for safe places to park their money, and at the present, debt issued by many European countries doesnt look particular bags sale online ly safe. stocks have fallen alongside their European counterparts. companies are at risk if the European econom bags sale online y collapses. investors portfolios, and it stands to get worse if European leaders cannot chart a path forward.

Europes crisis has strengthened the value of the dollar relative to the euro, as investors have sought a safe haven. Therefore, your dollar will buy more euros than it would in the absence of Europes crisis. That said, if you visit Switzerland or Japan, youre out of luck; the Swiss franc and Japanese yen have risen even more than the dollar on the euro fears. bags sale online