Description:  Facing massive national debts, some European nations are planning to cut spending even as unemployment continues to rise.

Source: CNNMoney – video report
 
Date: 02/05/2010

Link: http://money.cnn.com/video/fortune/2010/02/05/f_sl_euro_default.fortune/

Questions for discussion:

• What is the connection between the economic problems in Europe and the Euro?
• How is the economic and financial crisis in Europe different from the US experience?
• Can Europe grow its economy sufficiently to solve the financial crisis today?
• Is a currency devaluation likely?
• How should financial managers deal with the possibility of a currency devaluation?