I seriously doubt it. Recent polling indicates the Greeks would rather have the devil they know than head off into the totally uncharted territory of New Drachmas with no lifeline out of it.
The US Government website has percentages by country, but not specifically Europe..and it has every country from A-Z. There are also other graphs about imports but to specific things like copper, oil, medicine.
We probably do get a substantial amount of imports from Europe if you factor in cars, perfume and designer clothes. Germany's Volkswaggen is gaining market share on Toyota. But compared to the Chinese and Canada, I think Europe's imports pales in comparison. Would be interesting to know if anyone can find concrete data.
Last edited by Hawkgirl; 05-30-2012 at 12:57 AM.
Then there is this...
United Kingdom 5%
Taken together, that's 23% of our exports. Given that our economy is stagnating, any drop in exports would have a serious impact on our economy. Also, remember what happened the last time that currencies in Europe collapsed. The Greeks just put their neo-Nazi party into their parliament for the first time. France just elected a socialist who makes their previous socialists look like Rondal Reagan. Economic instability in Europe inevitably leads to political instability, as extremists come into power.
At this point, the best long term investment strategy in the US is canned goods and ammunition.
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