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EUROZONE CRISIS After the eurozone crisis had struck, what might have been different for the GIIPS countries, had they not been part of the Eurozone,
EUROZONE CRISIS
After the eurozone crisis had struck, what might have been different for the GIIPS countries, had they not been part of the Eurozone, but had their own currencies, with floating exchange rates? Explain in detail why the SGP/Maastricht conditions were not adequate to prevent the Eurozone crisis, again, with reference to ideas on fixed exchange rates/OCAs.
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