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The Eurozone has some countries with severe debt problems: Portugal, Ireland, Italy, Greece, and Spain (sometimes known as PIIGS). These Euro countries are looking for and have been assured of a “bail-out” process so that no one defaults on their debt. What do you now think is likely to happen to the relative value of the Euro?
Important Notes:
The Eurozone countries with severe debt problems: Portugal, Ireland, Italy, Greece, and Spain(sometimes known as PIIGS). They have been assured of been bail out to avoid default. Impactsof the…
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