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Bookmark or Share- European Sovereign Debt Crisis: Eurozone Crisis Causes, ImpactsThe European debt crisis refers to the struggle faced by Eurozone countries in paying off debts they had accumulated over decades. It began in 2008 and peaked between 2010 and 2012.
- Euro-zone debt crisis | Causes, Impact & Solutions | BritannicaPeriod of economic uncertainty in the euro zone beginning in 2009 that was triggered by high levels of public debt, particularly in the countries that were grouped under the acronym “PIIGS” (Portugal, Ireland, Italy, Greece, and Spain). The debt crisis was preceded by—and, to some degree,
- The Eurozone in Crisis - Council on Foreign RelationsThe crisis highlighted the economic interdependence of the EU, while also underscoring the lack of political integration necessary to provide a coordinated fiscal and monetary response.
- European Union - Eurozone, Debt Crisis, Stability | BritannicaThe economic crisis, and the austerity measures associated with it, took a staggering political toll on ruling parties across the continent. Between March 2011 and May 2012, more than half of the euro zone’s 17 members saw their governments collapse or change hands.
- Euro area crisis - WikipediaThe 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.
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