Read Case 3-2 on page 102 of your book. Summarize the case and answer the discussion questions in 5 pages. Please remember to add your thoughts and opinions on the case as well as using outside scholarly research to incorporate any up to date information that may help to validate your thoughts. Don’t forget to use 6th edition APA format.
3-10. Why did the European Commission bail out banks in Ireland and Greece? Why not let themdefault?3-11. Investors demanded that Portugals Jos Scrates and other leaders make big spending cuts.However Scrates and other socialist prime ministers would prefer to generate economic growth viagovernment spending. Which approach is likely to be most effective?3-12. Why do citizens in France Great Britain and elsewhere stage protests when the governmentimposes austerity measures?3-13. As this edition went to press in mid-2015 concern was mounting that Greece would drop the euro. What has happened since then? Is Greek still using the euro?