Euro-Zone

Euro-Zone - Michael Samuels 10/14/08 IBUS 160 IB in the...

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Michael Samuels 10/14/08 IBUS 160 IB in the News Euro-Zone leaders to meet over financial crisis While the highlighted topic in this article isn’t of much news to anyone in the world, the underlining issues detailed and assumed from the article directly relate to class and offer a unique real-time perspective on globalization. The European Union, an established common market and butting economic union, is facing a similar financial crisis that is being seen at home in the United States. Their situation, which is partly due to their foreign direct investment in United States stocks and bank, is exasperated across the EU because of the interconnectedness of their monetary and financial institutions. One of the main negatives according to class lecture and especially the textbook to having an economic union is that when a crisis such as the one we are experiencing now, takes place the effect is felt immediately across all connected countries. The book explains that when one country goes into a recession, others are likely to follow. The meetings taken place in Europe between the Euro owned countries has seen
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Euro-Zone - Michael Samuels 10/14/08 IBUS 160 IB in the...

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