Economy: Economic News, Policy & Analysis - The Washington Post: How oil could make the crisis in Europe so much worse

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How oil could make the crisis in Europe so much worse Mar 7th 2012, 15:50 Over at the Oil Drum, Gail Tverberg argues that Europe is getting hammered by high oil prices harder than anywhere else in the world. Not good news for a continent already in recession. And the graph below is especially striking — the euro zone countries with the worst trade imbalances (and, not coincidentally, the worst debt crises) also rely the most on foreign oil and gas: Read full article >>

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