So that really how the european debt crisis happened

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debt. So that really how the European debt crisis happened. Also they might be some other reason, like the no responsibilities of some countries such as Portages, Italy, Greece and Spain. They break the rule of the Euros. That set the fire for this crisis. 3. Why would European countries use the same currency? It is the dreams of the euro. After the World War 2, all the nation in Europe are in the bad condition, the Germany don’t want to dominate the Europe and don’t want war anymore, and France agreed with German. All other European countries don’t want the German to became too powerful too, so they all agreed to built an European Union. At 1990s the German want to get rid of the Berlin Walls, and they need the support from France, and France cut a deal with Germany that is use the same currency Euros, but all other countries has to do the banking with a German Way. 2. According to the Taylor Rule, how should the Fed respond to an increase in the rate of inflation? How should the Fed respond to an economic contraction? Explain.
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