U.S. Government Shutdown Affects European Economy

http://www.standard.net/stories/2013/10/02/europe-fears-global-impact-us-government-shutdown

http://edition.cnn.com/2013/09/30/business/u-s-shutdown-global-economy-iwan-morgan/index.html

http://www.channelnewsasia.com/news/business/europeans-warn-of-us/834326.html

It is no recent news that the european economy has been suffering the last few years. Recently the economy of Europe has started to recover but still remains very fragile. The current shutdown of the United States government has proposed a possible risk to the vulnerable European economy. "If this situation lasts, it could slow down the ongoing economic recovery," says Pierre Moscovici, the finance minister of France. If the shutdown is less than two weeks estimates are that the effects are benign but if it drags on for longer than two weeks the European economy and US economy are faced with major problems.