The EU and the Eurozone Crisis: Policy Challenges and

原地的回忆

The EU and the Eurozone Crisis: Policy Challenges and Strategic Choices

The global financial crisis, which started in the United States in 2007, spread to Europe in 2009. It especially hit Portugal, Ireland, Italy, Greece, and Spain, countries which have introduced the single currency, the euro. These eurozone countries no longer have monetary policy autonomy, so they do not have the option of devaluation to increase competitiveness.
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