Monetary crisis unsettles US

The crisis of the euro is also causing headaches in the US, writes the business paper Les Echos: "Does America only get interested in Europe when Europe is faring poorly? ... Traditionally it's Europe's excessive weaknesses that trouble the United States. Today these weaknesses are ... monetary and economic in the face of rampant speculation. ... What if the collapse of the euro prefigured that of the entire Western financial and monetary system, shattering all of America's efforts over the last months and nipping the tentative economic revival in the bud? And what if Greece's collapse heralded that of California which - notwithstanding the obvious differences in size and situation - remains a definite possibility?

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