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Need a backgrounder on Europe's debt crisis and why it's affecting U.S. markets? Here are some talking points to help you explain how the European Union operates, why the euro is in danger, and what the crisis could mean to clients' portfolios.
The moves taken by Greece to cut down its debt have proven to be politically unpopular. If the country is not successful in containing its crisis, the world could be looking at a double-dip recession in both Europe and the U.S.
Allen does not think Europe's plan for Greece is working. Would alternative action such as bankruptcy, be superior?
The dreadful conditions of the latest bailout package mean Greece might be better off establishing an independent currency and welcoming a flood of vacationers and retirees to boost the economy.
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