Global Business 3rd Edition by Mike Peng

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ON ETHICS: In 2012, the German chancellor wanted to consult with you, a leading expert on the EU. For years, Germany insisted that countries in the euro zone must tame their public finances and could not be bailed out. Now Greece is in desperate need of bailouts. But the German economy has also suffered a major recession itself and has already been running a budget deficit. How would you advise the chancellor: to bail out or not to bail out Greece?