tag:blogger.com,1999:blog-787567416093248670.post1021315592847536..comments2012-06-04T11:20:18.814-07:00Comments on NHCS American Studies 2011: Leta's QuestionsLee Robertshttp://www.blogger.com/profile/01147787484739829179noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-787567416093248670.post-26521614285115956962012-02-08T10:28:25.218-08:002012-02-08T10:28:25.218-08:00euro advantages: connect europe together, avoid wa...euro advantages: connect europe together, avoid wars?, more power, poor countries would have a stronger currency and rich countries would have more customers<br /><br />inflation is when government creates more currency which makes money less valuable and products more expensive<br /><br />the idea about unification is that when a few countries are doing well, everyone else is doing well... however the converse of this is true as we have seen<br /><br />"retail banking" is the ability to shop for banking (rates, lending, borrowing etc.)<br /><br />PIMCO loaned Greece the money<br /><br />Greece looked like a safe bet for PIMCO because Greece's deficit was said to be about 6% (however this was false, the deficit was actually about 15%)<br /><br />PIMCO is a global investment company that makes money off of loaning money to governments with interest rates<br /><br />a deficit is the difference between the amount of money a country has and the amount of money it has spent, basically it's how too small the amount of money a country has is, (the lower the deficit the better)Leta Hallowellhttps://www.blogger.com/profile/07874184940812452624noreply@blogger.com