# Prof. Paul Wachtel on the US impact of the euro's decline

1 Faculty News April 8, 2015 ![YLE TV Finland logo](/sites/default/files/styles/246w/public/assets/images/YLE%20TV%20Finland.jpg?itok=0pe1_-Yw)>

Excerpt from TV Finland -- "The American economy is very large. Exports and imports have increased as a fraction of the economy, but compared to a typical European country, compared to many emerging markets countries, the American economy is more closed. I don't think that this large depreciation is sufficiently significant for the big American economy to cause a recession."