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By using the data (up to the year 2018) your textbook,
, a general reference list in international Economics,
such as: Specialized Journals (p.12); General Journals (p.13);
Sources of International Data (p.13); General Current
information p.14) and the Internet Sources (p. 14), for Euro
zone countries (excluding Malta and Cyprus) discuss the impact
of the following factors in bringing about the Euro crises:
1- Budget deficits and national debt
2- Balance of payments
3- Social expenditures
Using graphs compare the above factors for the countries in
trouble, PIGS (Portugal, Ireland, Italy, Greece and Spain) vs.
other countries in the Euro zone like Germany and France that
fared well and contrast which of the above factors may have
contributed to the crisis.
The fact that all these countries were using a single currency
and did not have the power to devalue their own currency could
be another factor you need to consider when analyzing this
issue.
Provide your explanations and definitions in detail and be
precise. Comment on your findings. Provide references for
content when necessary. Provide your work in detail and explain
in your own words. Support your statements with peer-reviewed
in-text citation(s) and reference(s).
By using the data (up to the year 2018) your textbook, , a gen.docx

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