This article raises a question of whether one single monetary policy can be applied to multiple countries some of which do not have a stable economy. One of such economies that threaten the economic well-being of the entire Union is Greece (Spain and Portugal are also having some difficulties but not as extreme as Greece).
It is interesting to find out how problems of such small nation’s economy can have such a loud echo within the financial world. Other EU members are very concerned and are urging Greece to seek financial aid from IMF, however, Greece believes they could rely on the package from the EU and the Economic and Monetary Union.
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