Marketplace for Wednesday, November 2, 2011
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Today's show was the product of a collaboration with the BBC World Service show Business Daily. We took a closer look at how the debt crisis in Europe is affecting people and businesses elsewhere in the world, in places in Africa, South America and the U.S.
African nations with trading relationships with Europe are troubled by the eurozone crisis, but the biggest casualty could be African monetary union.
Argentina defaulted on its debt in 2002. A decade later, the country is back on its feet, thanks in no small part to the lowly soy bean.
L.A.'s flower market is one of the biggest in the world, but it's suffering thanks to the euro crisis -- as uncertain shoppers cut back and uncertain wholesalers order less.