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MAR 18, 2013 - National Journal

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How the Cyprus Tempest Could Pose a Threat to the U.S. Economy

The tiny island nation dominating headlines this week doesn't pose an immediate danger to the United States economy. But the situation in Cyprus underscores that amid the euphoria of record highs for the Dow Jones industrial average and signs of improvement in the housing and job markets, a dark cloud still looms over the U.S. recovery in the form of the eurozone crisis.“It is an unfriendly reminder that the problems in Europe aren’t resolved,” said Ryan Sweet, a senior economist at Moody’s Analytics.Cyprus is a small country in the Mediterranean Sea with a population of just over 1 ... Read More

Tags: How the Cyprus Tempest Could Pose a Threat to the U.S. Economy,  Economy Latest News