Article

| April 10, 2012

The Euro Crisis: Implications For Loan Agreements

However challenging the Great Recession has been in the United States, it has ravaged the economies of several of the countries that use the euro as their common currency (the Eurozone). Notwithstanding Greece’s bond restructuring last month, the possibility remains that one or more countries (a Departing Country) might cease using the euro by leaving the Economic and Monetary Union (EMU) and the European Union (EU).

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