1. Changes in the Eurozone
Since then, Italy has been unable to pay interest without increasing its debt, which helped pave the way to its current economic issues. ... Germany has given aid to numerous weaker Eurozone countries, including $164.7 billion to France and $175.7 billion to Spain, and has been considered to be one of the few Eurozone countries capable of assisting many others in economic crises. ... The United States also owns significant amounts of Spanish, Italian and German debt , and the same threat exists as these countries also hold many Greek bonds. ...
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- Grade Level: Undergraduate