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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.
2008–2010 automotive industry crisis; Global catastrophic risk; Social situation in the French suburbs; Causes of the Great Recession; Great Recession in Europe; 2010 European sovereign debt crisis timeline; 2008 financial crisis; Russia–Ukraine gas disputes; Fuel protests in the United Kingdom; 2008 European Union stimulus plan; 2020s in ...
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
Europe’s economic crisis has obliterated Gen Z and millennials’ drinking habits—and it might be kicking off a long-term sobriety movement. Ryan Hogg. February 12, 2024 at 3:54 AM. martin-dm ...
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 ...
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, March 17, 2023
The German economic crisis is a significant downturn of Germany's economy that marked a dramatic reversal of its previous "labour market miracle" period of 2005–2019. The country, which had been considered to be Europe's economic powerhouse in prior decades, became the worst-performing major economy globally in 2023 with a 0.3% contraction, followed by minimal growth in 2024 leading to ...
Although the idea was fought for a moment Angela Merkel and the German government approved a €50 billion strong rescue plan to protect the German economy of the crisis, making of it Western Europe's biggest rescue plan for now in this crisis. [22] Germany's industrial output was down 2.4 percent in May, the fastest rate for a decade.