The European economy, which has been showing signs of an impending financial crisis since 2009, is critically hanging in the balance, causing world leaders to find solutions to what has been tagged as “Europe’s darkest hour since World War II,” with a seemingly now-or-never urgency. The critical situation – which beginning was marked when the financial economies of debt-induced countries Greece, Portugal and Ireland faltered – is cascading across Europe. What started out as a debt crisis has turned into a deep currency crunch, causing the Euro to plummet in value.
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