The European Union

The European Union

here are two economic based questions below and I expect economic based answers. I realize there were political aspects and wrangling over these topics but I want discussions focused on economic factors. Essays and responses are not to include definitions, historical perspectives, talking points, or personal attacks. References to individual must include a title where applicable, i.e., President Clinton, not Bill Clinton; Vice President Gore, not Al Gore. Your essay must be posted to BB by 11:59 p.m. Central Saturday and you must post at least two substantive replies/critiques of other student submissions by 11:59 p.m.Central Sunday.

The European Union is comprised of 28 governments while there are 19 countries tied to the Euro. Greece started having financial problems in 2010 and it owes the European Central Bank a great deal of money. Greece will, in all probability, need to restructure its debt and change its spending habits.

For your discussion essay, thoroughly answer at least two of the below questions.

1. How is Greece’s financial situation doing now?
2. What has Greece done to rectify its financial problems?
3. If Greece no longer uses the Euro, compare and contrast advantages/disadvantages or if Greece still uses the Euro, compare and contrast advantages/disadvantages.
4. What impact did Greece’s financial problems have on the value of the Euro? Why?
5. What impact did Greece’s financial problems have on international exchange rates? Why?
6. Was a Greek financial bailout a good arrangement for Greece?
7. Was a Greek financial bailout a good arrangement for the European Union?
8. Compare and contrast Greece’s debt problems and expenditures to the United States
9. If you were the sole decision maker for the Greek Government, what would you do and why?

China is experiencing a financial crisis and there are many accusation of currency manipulation. For your discussion essay, thoroughly answer at least two of the below questions.

1. What do you see as short-term and long-term effects of China’s financial crisis and currency manipulation?
2. What has China done or is doing to rectify its financial crisis and currency manipulation problems?
3. Compare and contrast some of the good and bad points of China’s currency manipulation.
4. What is the impact of China’s financial crisis on international exchange rates?
5. What is the impact of China’s financial crisis on trade with the United States?
6. What is the impact of China’s currency manipulation on international exchange rates?
7. What is the impact of China’s currency manipulation on trade with the United States?
8. If you were the sole decision maker for the Chinese Government, what would you do and why?

Answer Preview

The Greece debt catastrophe has had an effect of making the euro decline when compared to the pound. This is, however, a good thing for the individuals intending to change their currencies from sterling to euros. In spite of the sterling having an advantage due to the troubles…