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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.
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.
BRUSSELS (AP) -- Greek Prime Minister Alexis Tsipras and skeptical European leaders negotiated past a self-imposed deadline into the early hours of Monday, with talks stuck on how Greece would ...
Economists who favour this approach to solve the Greek debt crisis argue that a default is unavoidable for Greece in the long term, and that a delay in organising an orderly default (by lending Greece more money throughout a few more years) would just wind up hurting EU lenders and neighbouring European countries even more. [22]
Greece, which saw its lowest number of births in 2022, plans to spend 20 billion euros ($22 billion) through 2035 on incentives to halt the decline, including cash benefits and tax breaks, its ...
(Bloomberg) -- Greece invoked an emergency clause of European treaties on Sunday and suspended accepting asylum applications, after an influx of migrants seeking refuge in Europe raised tensions ...
Despite the claims by analysts abroad and in Greece [34] that the referendum might open the way for Greece's withdrawal from the Eurozone, and despite polls showing that Greek citizens would prefer keeping the common currency "at all costs," [35] [36] the referendum, conducted on 5 July 2015, returned a result of 61.3% for "No" and 38.7% for "Yes."
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