The goal of having a monetary policy was to insure price stability and currency stability.”European banks began to look hard at how much they had lent to individuals, companies and governments across the continent and began asking questions about heavily indebted countries such as Greece and Ireland (Hack, C 2012).”American banks have growing fears because of how much they have lent to Europe. A failure of banks in the core European countries could have implications for U.S. banks similar to the failure of Lehman Brothers. If the euro breaks apart and Europe becomes unstable.