Why was the Greek economic crisis:AEI - Article (https:/www.aei.org/wp-content/uploads/2015/06/Lachman-Testimony-June-2015.pdf)so troublesome for the US? (Note that the AEI is a conservative think-tank. However, this analysis is relatively mainstream, and well written. And, yes, it is a bit old, but it does a great job laying out the basis for the current problems.)

How close is this article to predicting what has happened since its writing in 2010? How is, as suggested by President Obama, the problems in Europe that continue are affecting aggregate demand in the US.