ONLY A SHORT ANSWER: The Eurozone has some countries with severe debt problems: Portugal, Ireland, Italy, Greece, and Spain (sometimes known as PIIGS). These Euro countries are looking for and have been assured of a ”bail-out” process so that no one defaults on their debt. What do you now think is likely to happen to the relative value of the Euro?
What do you now think is likely to happen to the relative value of the Euro?
07
Aug