Monday, September 26, 2011

The Euro a symbol for a crumbling Union?



For years now the euro has been the economic symbol behind the European Union. Since it was first introduced on January 1, 2001 the Euro has continued to grow and become the second largest curency behid the United States dollar. The Euro has become the economic driving power behind 22 countries, but has recently suffered adecline. Greece a member of the European Union has suffered financial problems and is unable to pay its debt. As a result ITaly and Spain, two of Greece's largest loan holders, have began experiencing economic problems. These economic problems have sparked the Spanish to contact the French and Germans to bail them out. Strong reluctance from French nd German bankers threaten to destroy the currency and make the world question how committed France and Germany are to the European Union. Just like the Euro seems to be collapsing so too is the Economic power house that drives it.

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