All have gotten themselves into sovereign debt trouble

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Greece, Portugal, Ireland and Spain are all members of the European Union. All have gotten themselves into sovereign debt trouble (the government can’t pay its debts). Greece recently received a bail-out package from the EU after months of drama. Spain and Ireland are on the mend fiscally. State your opinion and support it: should the EU bail out countries that can’t manage their fiscal affairs, or should the EU simply let them go broke and stiff those who were stupid enough to buy bonds issued by those countries?

Reference no: EM131099374

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