Europe reads as part of the global economic fabric - Would be nice to see disclosure statement on "how-much" tied to "economic stability" the USofA is to the European economies. (Story seemed to indicate world wide fall out if banks of Europe were in some way fail). Not sure if this story completely spells out the entire story so we can have a more of an American impact understanding. [(Story was written by a non U. S. based reporter - (I think I read) - So that may have much to do with the European slant / view)].
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Banks have used quiet emergency loans from the European Central Bank, which has resisted buying up government debt in its own right, to come to their governments' rescue. http://nyti.ms/zyHd4c
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