POL 423 Journal 9

POL 423 Journal 9 - single common currency in this case...

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Financial Times Overhaul of 440 billion euro rescue fund on table Monday, January 31, 2011 Journal 9 The 440 billion euro bailout may have a new face to it, new regulations and programs that the money can be used for. This comes with the idea that these new regulations will make it more acceptable to grant money to Spain, which many are now opposed to. However, there is a large amount of resistance to this. Even without aid going to Spain or Portugal, the bailout fund is still huge and requires the cooperation of all the member states. Much of the burden is going to be put on Germany and the other triple A rated eurozone countries. This article shows the many problems that come with many different nations taking on a
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Unformatted text preview: single common currency, in this case particularly the euro in the European Union. This article also brings to the light that long term solutions need to be thought of and enacted in the Euro-zone states that will permanently solve these bailout problems while continuing to create a strong euro. The economy was the key area that has drawn all of these European nations together and that the European Union was founded on, and if these problems are not solved and there is a collapse of the euro, which means major problems for the economies using it, then question that rises is, what is going to unite these European countries?...
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