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Use an example to explain the impact of crises within the Eurozone.

Use an example to explain the impact of crises within the Eurozone.

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The crisis in the euro reflects a mix of irresponsible behaviour, bad country fiscal policy, weak, uncompliant EU legislation, huge bank failures in the economy and substantial underlying disparities in levels of competition and debt.

The recession had serious negative effects on the economy and on jobs, with unemployment rates of up to 27 percent in Greece or Spain; and was blamed not just for the whole eurozone but for the European Union as a whole for sluggish economic growth.

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