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Low interest rates are causing otherwise conservative investors to take on more risk.

You are probably sick of me (and everyone else) talking about Greece. Will they or wont they pay? Why won’t they agree to more austerity measures? Why do the Europeans want to keep them in the Union? Why don’t they just default?

The European Union financial struggles are not confined to the spectacular problems of the Greek Economy. The Global Financial Crisis (GFC) highlighted the precarious state of Eurozone Government finances, most notably in the remainingPIIGS – Portugal, Ireland, Italy, and Spain, which has forced a series of important austerity reforms to reduce government largess (spending) and improve the bottom line for these economies.