Lesson 8: Sovereign Debt in the European Union

February 22, 2016

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Tue, Feb 23

Review:

• Exam 1 Results

Presentation:

• Map of Europe
• Cold War Era Map of Europe
• European Union (EU) Explained
• European Debt Crisis
  • Several EU members were taking on too much debt
  • WSJ video on the Debt Crisis
  • Catalyst was the 2008 US Mortgage/Financial Crisis (if interested, watch Too Big to Fail)
  • What led to the crisis? … long story…here’s the short version (warning: Rated R for language)
• Greece
• Belgium, Italy, Spain, Portugal, Ireland
• UK: Stay or go?

Assignment:

• Write Exam 1 Corrections