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Go to theIMF website(Links to an external site.) at www.imf.org and find the World Economic Outlook database; then download data on the current account balance
Go to theIMF website(Links to an external site.)
at www.imf.org and find the World Economic Outlook database; then download data on the current account balance as a percentage of GDP for Greece, Spain, Portugal, Italy, and Ireland. Explain what happens to the current accounts of these countries after 2009 during the euro crisis. Analyze two reasons why these countries struggled to provide stability with their financial and monetary systems.
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