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The European debt crisis erupted in the wake of the Great Recession around late 2009, and was characterized by an environment of overly high government structural deficits and accelerating debt levels. When, as a negative repercussion of the Great Recession, the relatively fragile banking sector had suffered large capital losses, most states in ...
Global economic uncertainty and market volatility triggered by the Russia-Ukraine war, coupled with monetary tightening from the Federal Reserve and the Bank of England and expectations the ...
New interest in European debt has been fuelled by a divergence in monetary policy between the U.S. and Europe, the latter of which has surprised with a rapid slowdown in inflation.
European debt crisis (EU) (2009–2019) Greek government-debt crisis (2009–2018) [6] 2010–2014 Portuguese financial crisis; Black Monday (2011) 2012–2013 Cypriot financial crisis; Crisis in Venezuela (2012–now) Russian financial crisis (2014–2016) 2014 Brazilian economic crisis; 2015–2016 Chinese stock market turbulence
There has been substantial criticism over the austerity measures implemented by most European nations to counter this debt crisis. US economist and Nobel laureate Paul Krugman argues that an abrupt return to "'non-Keynesian' financial policies" is not a viable solution [18] Pointing at historical evidence, he predicts that deflationary policies now being imposed on countries such as Greece and ...
The AfD was founded in 2013 after the financial crisis by a group of free market economists who were fundamentally critical of European integration Explainer-Turning back the clock: Germany's AfD ...
Latin American debt crisis [23] 1988–89: Latin American debt crisis [23] 2001: Following years of instability, the Argentine economic crisis (1999–2002) came to a head, and a new government announced it could not meet its public debt obligations. [23] 2005–16: Argentine debt restructuring. 2014 [24] [25] 2020 [26] Bolivia: 1927 [2] Brazil ...
The European debt crisis has been one long slow-motion train wreck. On Monday, Martin Wolf, the chief economics commentator at The Financial Times, suggested that a breakup of the Eurozone now ...