What is the primary reason that the intensifying economic crisis in Europe threatens to impact the decisions of global managers in the United States and throughout the world?
◦ The European economic crisis induces more investment in the EU.
◦ The massive debt in Greece has caused Europe to slide into a new recession.
◦ The euro zone is a larger economic unit than the United States or China and is a major source of world demand for goods and services.
◦ The inability to trim benefits and free up labor markets prevents the region from spurring any significant growth over the next decade.
◦ New measures by the European Commission to oversee banks and to monitor national budgets have been met with resistance by euro zone members.
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