Description:Â Facing massive national debts, some European nations are planning to cut spending even as unemployment continues to rise.
Source: CNNMoney – video report
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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?
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