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3. What explained the conflict of interest between Greece and the EU, often represented by Germany? a) The Greek manufac
Posted: Mon Apr 18, 2022 9:14 am
by answerhappygod
- 3 What Explained The Conflict Of Interest Between Greece And The Eu Often Represented By Germany A The Greek Manufac 1 (25.5 KiB) Viewed 28 times
3. What explained the conflict of interest between Greece and the EU, often represented by Germany? a) The Greek manufacturing industry exported heavily to Germany: b) The interest rate on German sovereign bonds was increasing rapidly because of the Greek crisis, costing Germany money: c) By being harsh on Greece, Germany saw themselves as protecting the eurozone from future moral hazard; 1 d) French and German banks had lent significant sums to Greece. They wanted Greece to pay back the borrowed money, e) The austerity pushed by Germany and the EU would slow down the Greek economic recovery, hurting ordinary people.