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Current Events: The European Union and the Eurozone Crisis

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“Nobody in Europe will be abandoned. Nobody in Europe will be excluded. Europe only succeeds if we work together.” - Angela Merkel, Chancellor of Germany, December 15th 2010, before the E.U. summit on the eurozone debt crisis.

These days, it’s impossible to read a newspaper or watch the news without seeing something about the crisis in Europe, whether it’s citizens rioting in the streets of Athens or Angela Merkel and Nicolas Sarkozy discussing further European fiscal integration. Although n...