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The euro area crisis, often also referred to as the eurozone crisis, European debt crisis, or European sovereign debt crisis, was a multi-year debt and financial crisis that took place in the European Union (EU) from 2009 until the mid to late 2010s.
Public debt $ and %GDP (2010) for selected European countries Government debt of Eurozone, Germany and crisis countries compared to Eurozone GDP. The European debt crisis, often also referred to as the eurozone crisis or the European sovereign debt crisis, was a multi-year debt crisis that took place in the European Union (EU) from 2009 until the mid to late 2010s that made it difficult or ...
In its latest Euro Plus Monitor Report 2012, published in November 2012, the Lisbon Council finds that the eurozone has slightly improved its overall health. With the exception of Greece, all eurozone crisis countries are either close to the point where they have achieved the major adjustment or are likely to get there over the course of 2013.
The eurozone is facing its biggest challenge since its inception. Cyprus is the second-smallest economy in the common-currency area, but the reverberations from its bailout crisis are being felt ...
As the U.S. economy strengthens, Europe keeps tripping over itself. Europe's problems seem to jump from one country to another with little resolution, and worsening data makes it appear that any ...
This article has been adapted from our sister site across the pond, Fool U.K . We investors are living in torrid times, with many of us suffering substantial losses. I don't know about you, but ...
In addition, during the crisis, the ECB gradually expanded its influence into the political arena. The ECB was able to force its policy preferences on governments and financial institutions by becoming the LOLR (lender of last resort) for both the eurozone banking sector and the eurozone states' monetary support. [25]
Speculation followed about other countries, such as Italy, withdrawing from the Eurozone as well, [5] with economist Nouriel Roubini submitting in 2011 that "Italy may, like other periphery countries [of the Eurozone], need to exit the euro and go back to a national currency, thus triggering an effective break-up of the Eurozone." [5]