The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.NEW YORK ( TheStreet) -- Three years into the eurozone's peripheral debt saga, a ton of political and financial capital has been spent, the euro hasn't suddenly shattered and a eurozone-born financial panic hasn't erupted. Given politicians' commitment to maintain the euro (at least for the foreseeable future) and the European Central Bank's actions in backstopping banks, disaster in Europe seems unlikely in the near future. Seemingly more likely is a continuation of weak eurozone economic growth or a recession. And that possibility has given rise to fears of potentially weak eurozone import demand detracting from global growth.
Mapping Stress From Eurozone
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