Description of this paper

Is Portugal "too big to fail"? (What about Spain?)




1. Is Portugal "too big to fail"? (What about Spain?) What is the difference between a large multinational bank failing and a country failing?;2. Suppose that a U. S. State such as California (or New Jersey) were about to go bankrupt. What should the U. S. government do? How is this situation similar to the European situation? How is it different?;3. What are the good and bad effects of the European crisis on the U. S.?;4. Why is it so hard for politicians everywhere to cut spending or raise taxes?


Paper#33419 | Written in 18-Jul-2015

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