Write a Summary on the case Will the Euro Survive?

Refer to page 96 of this pdf

https://drive.google.com/file/d/1saCyFJdU-3RTAFJsMttTWUSChmiwblgL/view?usp=sharing

and help me answer the following questions:

1. Why are Greece, Ireland, Italy, Portugal, and Spain sometimes referred to as the euro zone's "peripheral countries"?

2. Why did the European Commission bail out banks in Ireland and Greece? Why not let them default?

3. Investors demand that Portugal's Jose Socrates and other leaders make big spending cuts. However, Socrates and other socialist prime ministers would prefer to generate economic growth via govern- ment spending. Does this make Socrates, Zapatero, and like-minded leaders Keynesians? Or are they following Hayek's principles?

4. Why do citizens in France, Great Britain, and elsewhere stage protests when the government imposes austerity measures?