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  2. Euro area crisis - Wikipedia

    en.wikipedia.org/wiki/Euro_area_crisis

    The economy collapsed during 2008. Unemployment rose from 4% in 2006 to 14% by 2010, while the national budget went from a surplus in 2007 to a deficit of 32% GDP in 2010, the highest in the history of the eurozone, despite austerity measures. [123] [124]

  3. Great Recession in Europe - Wikipedia

    en.wikipedia.org/wiki/Great_Recession_in_Europe

    The Eurozone recession has been dated from the first quarter of 2008 to the second quarter of 2009. [2] In the eurozone as a whole, industrial production fell 1.9% in May 2008, the sharpest one-month decline for the region since the Black Wednesday exchange rate crisis in 1992.

  4. 2000s European sovereign debt crisis timeline - Wikipedia

    en.wikipedia.org/wiki/2000s_European_sovereign...

    This was the first Eurozone crisis since its creation in 1999. As Samuel Brittan pointed out, [6] Jason Manolopoulos "shows conclusively that the Eurozone is far from an optimum currency area". [7] Niall Ferguson also wrote in 2010 that "the sovereign debt crisis that is unfolding... is a fiscal crisis of the western world". [8]

  5. Timeline of the Great Recession - Wikipedia

    en.wikipedia.org/.../Timeline_of_the_Great_Recession

    Taiwan's economy exits from the recession with 9.22% growth in the last quarter of 2009 after increased demand from China and other key markets in the region. [113] February 24, 2010: Eurozone; Europe risks a double-dip recession after bad results emerged from France, Germany and Italy. The Eurozone only grew by 0.1% in the last quarter of 2009 ...

  6. Europe’s economy risks a recession after output falls ... - AOL

    www.aol.com/europe-economy-risks-recession...

    The euro area economy risks falling into recession later this year after official data Tuesday showed that output shrank in the third quarter. Europe’s economy risks a recession after output ...

  7. Europe narrowly avoids a recession - AOL

    www.aol.com/finance/europe-narrowly-avoids...

    Over the whole of 2023, GDP rose 0.5% both in the eurozone and the EU, the data showed. Europe’s economy has struggled to regain momentum following the pandemic, hamstrung by high inflation and ...

  8. History of the euro - Wikipedia

    en.wikipedia.org/wiki/History_of_the_euro

    Euro Zone inflation. The euro came into existence on 1 January 1999, although it had been a goal of the European Union (EU) and its predecessors since the 1960s. After tough negotiations, the Maastricht Treaty entered into force in 1993 with the goal of creating an economic and monetary union (EMU) by 1999 for all EU states except the UK and Denmark (even though Denmark has a fixed exchange ...

  9. European Central Bank, seeing no signs of recession, cuts ...

    www.aol.com/european-central-bank-poised-cut...

    The European Central Bank, which sets interest rates for the 20 countries that use the euro currency, does not expect the bloc to slide into recession as it cut borrowing costs once again Thursday ...