Since the 1960's the European Union has been trying to implement the Euro. ... The European Central Bank is similar to many other central banks but the difference is most other banks are based out of one country. ... " The Euro was credited with creating solid growth and lower costs as companies saved up per year by not having exchange currencies. ... " By joining the 17-nation Eurozone, some less-prosperous countries - notably Greece, Ireland, Portugal, Spain and Italy - suddenly had access to cheap credit. ... "A bailout of European banks by the European Central Bank an...

• Word Count: 1475
• Approx Pages: 6
• Has Bibliography
• Grade Level: High School