Thu, 07 Jun 2012 13:49:26 GMT
The U.S. may have greater impact on Asia than Europe
According to Moody's, if the financial anxiety reaches the
U.S., the entailed repercussions could be significantly more severe for Asia, which currently has to cope with the negative influence of crisis in Europe. Repercussions of the turmoil in Europe could result in Asian production declining by 5% within a
one year period. In contrast, if the U.S. is pulled into the financial
distress,