Full Title: Oil Exporters to the Euro’s Rescue?
Author(s): Philip K. Verleger Jr.
Publisher(s): Peterson Institute for International Economics
Publication Date: December 1, 2011
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Description (excerpt):
Energy-exporting countries have more at risk than any other participant in the world economy. Everyone knows that global economic growth will slow if the euro crisis plunges Europe into deep recession. Many believe this slowdown would be worse than the Great Recession. Oil and natural gas prices would surely plummet if these forecasts proved correct.