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Explain why debt crises in some European countries can cause financial problems in other European countries 1. The same monetary and fiscal policies are applied
Explain why debt crises in some European countries can cause financial problems in other European countries 1. The same monetary and fiscal policies are applied to all European countries. IL The European Central Bank imposes austerity conditions to countries-borrowers of the eurozone, which are not necessarily desired by the government II. Economic conditions in Europe are connected among countries
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