In your interest.
Online Personal Finance Magazine
No beating about the bush.
Western Europe has a large amount of financial interests in the Eastern Bloc: Ukraine, Latvia, Estonia, Hungary, the Czech Republic, Poland and Lithuania. These countries were financially on the brink last year when Hungary and Latvia turned to the IMF for rescue packages. Any major problems with any of these countries during a topping out of equity markets will exaggerate downward moves in global markets.
Euro zone countries are key US trading partners, and the United States can't meet Obama's goal of doubling exports in five years —or reap the benefits in new jobs —if debt default contagion spreads throughout Europe.