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wots the reason behind european financial crisis?
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Answer / harsha
Because of introduction of common currency in european
union.
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Answer / ritendu das
the reson is that france & germany loaned too much to greece .therefore the large amount of loan with high interest became a pressure to the economy.also greece dosent produced more goods duiring the boom but wage rates are still high.therefore high priced goods were not able to sustain in compititive market.
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