How Europe Crisis Can Tip U.S. into Recession

The eurozone has been heading down a slippery slope ever since its sovereign debt crisis erupted more than a year ago. The crisis so far has been a financial issue complicated by political bickering over a solution. It is entering a more dangerous phase. The debt problems are starting to weigh heavily on Europe’s economy, and the ripple effects are threatening global growth and the fragile U.S. recovery. The eurozone’s crisis is one more headwind that could tip the U.S. economy back into recession in 2012.