The European Union is comprised of 28 governments while there are 19 countries tied to the Euro. Greece started having financial problems in 2010 and it owes the European Central Bank a great deal of money. Greece has had to restructure its debt and change its spending habits.
For your discussion essay, thoroughly answer four or five questions. You don’t need to write an essay. You can directly answer the questions that you choose.
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- How is Greece’s financial situation doing now?
- What has Greece done to rectify its financial problems?
- If Greece no longer uses the Euro, compare and contrast advantages/disadvantages or if Greece still uses the Euro, compare and contrast advantages/disadvantages.
- What impact did Greece’s financial problems have on the value of the Euro? Why?
- What impact did Greece’s financial problems have on international exchange rates? Why?
- Was a Greek financial bailout a good arrangement for Greece?
- Was a Greek financial bailout a good arrangement for the European Union?
- Compare and contrast Greece’s debt problems and expenditures to the United States
- If you were the sole decision maker for the Greek Government, what would you have done and why?