ANSWER BOTH QUESTION MAX 1 PAGE. ANSWER QUESTION ONE BY ONE
2. Do some research online of Greece’s recently resigned prime minister Alexis Tsipras, and specifically how his perspective on the country’s problems differed from that of Germany’s chancellor Angela Merkel.
3. Application: Who’s perspective are you more sympathetic with, Tsipras’ or Merkel’s, and who do you think will ultimately prevail? Do you think Greece will survive this crisis, or will it be forced to leave the euro zone? Do you favor Greece leaving the euro zone? Do you think the euro itself will survive in the long run, or has this crisis exposed its inherently fatal flaws? And what about the U.S., which is indebted at historic levels. Is the U.S. is heading for the same fate as Greece? What options do we have that Greece (as part of the euro zone) does not? Should the U.S. consider the options of defaulting on or “inflating away” its debt?