Due to the once popular introduction of the euro

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Due to the once popular introduction of the euro, many European countries united under the guise that the euro will bring forth economic stability and growth. It seemed like a good idea at first, but ever since the global financial crisis, it has been dropping fast. A few of these countries like Portugal, Ireland, Italy, Greece, and Spain are in severe debt problems and there doesn't seem to be any end in site. Unlike a superpower like the United States, those economies simply do not have the resources or the fiscal policies in place to print their own money. Although, these countries have been promised a "bail-out", I don't believe the European Central Bank have enough in its disposal to fix this mess. I believe the euro will continue to drop to record lows.

Reference no: EM131166680

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