What lies ahead for PIGS of the European Union?

Feb 9, 2010

Many European Union countries have already adopted the Euro as their currency, and more hope to switch to the Euro in the future, but deficits in Greece, Spain and Portugal are threatening the EU's economic growth. The European Central Bank doesn't want to let in other countries facing financial troubles, causing Poland and other former Communist states to push back their plans to switch to the Euro. What does this mean for Europe's economy? Is it a good idea for the EU to adopt a single currency?

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