Greece bailout

Well for those who may not know, a few key countries that are a part of the European Monetary Union, are in great financial trouble. None more than Greece. Greece is has been in extreme danger of bankruptcy and are about to accept a bailout from the EU. This however, will only weaken the Euro in relationship to the dollar and place limits on almost every business related part of every day life in Greece. Italy, Portugal and Spain are also in extremely tough economic times but are not on the verge of receiving a bail out from the EU. Countries such as Germany who have a strong economy at the moment will be greatly hurt by this bailout and the weakening of the Euro. International trade will be much more difficult for them and restrictions on some goods will hurt their economy. Some say that a new currency will be created for the strong economies that are a part of the EU but it is still too soon to tell. The upcoming months will be a good time for us Americans to travel to Europe however as our dollar will be stronger than ever over there.