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4. How did the Greek crisis affect the euro?5. What pro-growth policies could the Greeks adopt that would allow them to produce more and howwould adopting them help resolve their crisis?SUGGESTED ANSWERS TO “A WOUNDED CELTIC TIGER HAS ITS PAWSOUT”1.Why was Ireland in trouble?2.What happened to Irish debt? To Irish bond ratings? Interest rates?
CHAPTER 3: THE INTERNATIONAL MONETARY SYSTEM3.How did the Irish crisis highlight problems with the Eurozone?