One of their biggest fears, of course, is that the euro will continue falling; the large multinationals that derive much of their earnings in the euro currency may be able to withstand this type of pressure for now, but even they can't stand up to such pressure forever. Many investors are worried that the beginning of the end of the euro area debt crisis and the lashing of the euro is nowehere in sight, given the lack of unity and cohesion among the affected countries -- elements seemingly crucial for the countries to dig themselves out of this mess. Taxing Like Europe (Forbes) Frank Ingarra, a co-portfolio manager at Hennessy Funds, said "they created the euro to become competitive against the U.S.," but everyone wanted their own sovereignty and it's not easy for one central bank to coordinate all this. As Ingarra says, this is "unlike the U.S. ... if something happened in California, everyone in the U.S. would rally together under one flag, one sovereignty." He notes that in Europe, though, as we know all too well by now, there is, for example, "a vast different between Germany and Greece; Germans don't want to bailout Greece." Some of the larger U.S. consumer products companies that do business in Europe are Procter & Gamble ( PG - Get Report), Johnson & Johnson ( JNJ - Get Report) and Kimberly-Clark ( KMB - Get Report), as well as Colgate-Palmolive ( CL - Get Report) and Coca-Cola ( KO - Get Report).
NEW YORK (TheStreet) -- As the euro continues to weaken amid Europe's current debt crisis, investors increasingly worry how their shares in big multinationals -- many of them U.S. consumer staple giants -- will fare.
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