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Why the Greek Elections Matter for U.S. Job Growth

The outcome of Sunday's vote in Greece will affect even firms that don't do international business

June 11, 2012 RSS Feed Print
A switch from the euro to the Drachma could have repercussions for American workers.

A switch from the euro to the Drachma could have repercussions for American workers.

For while the crisis may not affect their sales significantly, it contributes to a general atmosphere of fear and risk-aversion.

"There's this fundamental uncertainty about the future, which is bad for investor confidence, which could affect companies with no direct relations to Europe, no direct exposure," he says. "It's one of these background factors."

It's in the background for now, but it could come to the forefront if euro zone unity should come into question.

Danielle Kurtzleben is a business and economics reporter for U.S. News & World Report. Connect with her on Twitter at @titonka or via E-mail at dkurtzleben@usnews.com.

Tags:
economy,
Greece,
global economy

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