Read the NY Times article

http://www.nytimes.com/interactive/2015/business/international/greece-debt-crisis-euro.html

on the Greek Debt Crisis.

1. How did Greece avoid the tight fiscal policy rules in the EU?
2. As part of the European monetary union, does Greece have control over monetary policy?
3. Given what you know of fiscal policy, do you believe austerity was (and is) the correct policy for Greece?