read the case and answer the questions 21

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Read the case attached below, and answer this 3 questions.

Maximum 2 pages for each question.

1)As described in the case, the EU can do considerably less than the U.S. to avert a crisis based on the differences in their ‘MANDATES’. Please describe briefly the differences in their mandates.

2) Please describe the austerity measures that Greece undertook (and was asked to undertake) as described in the case.

3) What advantages does the EU (Eurozone) provide to its members (and others), if any?

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