Facts That Make A Difference
1. THE EUROPEAN UNION (EU) is an economic and political union of 27 member countries, located primarily in Europe. With almost 500 million citizens, the EU combined generates an estimated 30% share (US$16.8 trillion in 2007) of the nominal gross world product (source: Wikipedia).
2. WHEELS – 75% of the cars made in Germany are exported and many parts are made in Eastern European companies (source: Business Week). 
3. BAD MOVE – During 2007, more than 90% of the borrowing in the Eastern European country of Latvia was in a foreign currency – a bad combination when the local currency called the Lat was devalued(source: The Economist). 
4. BAILOUT – In December Latvia accepted a $9.56 Billion bailout from the International Monetary Fund(source: The Economist).
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