Trillion slush fund for countries with severe debt problems

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Reference no: EM131586369

Just about six years ago, the EU created a trillion slush fund for countries with severe debt problems (Portugal, Italy, Greece, and Spain). Of the one Trillion, about 440 billion had to be printed. This doesn't include the funds which are set for Ireland, approx 89 Billion. Yet, after all this time, the Euro maintains its value against the dollar. Based on knowing this and what you've learned in this course, take what you have learned an apply it to this situation. What has happened since? Where is the value of the Euro from then till now? Please explain.

Reference no: EM131586369

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