Friday, March 26, 2010
Greece, the Euro and how to help a broke country
Over the last couple of month Euroland (the nickname used in Europe for those countries who adopted the Euro) has been in quite some turmoil. One of the countries, Greece, which has been a member since 2001, was at the brink of declaring bankruptcy. But as the countries of the Euro Area have very strict regulations and the health of the currency is top priority the Union stepped in and presented a plan that left many questioning the abilities of the Union to handle future crises. To find out more about the Euro check out the website of the European Commission on Economic and Financial Affairs.