Eurozone Crisis Explained

By Saturday, August 4, 2012 No tags 0

 

Why is the Eurozone crisis still not resolved? And how did the Eurozone come to that situation? This commentary in the BBC news offers an explanation of the situation and some interesting facts and statistics. It turns out that the countries that suffer most of the crisis were not the largest borrowers. Should governments cut spending? If they do, they risk to deepen the recession. If they don’t, they risk financial collapse. There seems to be no easy answer to the situation.

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