An EU Recession Could Quickly Infect the U.S.

So far, Europe’s chief problem has been its sovereign debt crisis, which Italy threatens to make evermore explosive. Now the Continent faces a new problem that will greatly complicate the first one. Economists increasingly believe the 17-nation Eurozone is sliding into a recession that will only magnify the troubles of heavily indebted governments and heighten the risk that the U.S. and global economies may be dragged down with it.