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The Euro Crisis: Why Greece is broke but Germany won’t do anything about it

Source: Dirk Vorderstraße

Anyone reading the news lately would’ve surely caught on that something is amiss in Europe: The so called ‘PIGS’ (Portugal, Ireland, Greece and Spain), and especially the Greeks have been on the edge of default for months, causing  rumours that the Euro may be headed to the scrap heap.  If any of you still remember, the Euro was introduced with great fanfare nearly ten years ago which was supposed to promote closer ties both politically and economically for the EU members in the Euro-zone (The sub-group in the EU that uses the Euro as their currency).  So why then, has the Euro’s health deteriorated to such a sickly state?

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