What is the current eurozone crisis?

Great Recession The European debt crisis, often also referred to as the eurozone crisis or the European sovereign debt crisis, is a multi-year debt crisis that has been taking place in the European Union (EU) since the end of 2009.

What is Euro crisis in simple words?

The European sovereign debt crisis was a period when several European countries experienced the collapse of financial institutions, high government debt, and rapidly rising bond yield spreads in government securities.

Why is there an Euro crisis?

What became known as the Eurozone Crisis began in 2009 when investors became concerned about growing levels of sovereign debt among several members of the European Union. As they began to assign a higher risk premium to the region, sovereign bond yields increased and put a strain on national budgets. Regulators noticed these trends and quickly set up a 750 billion euro rescue package, but the crisis persisted due in large part to political disagreements and the lack of a cohesive plan among

What is the economic crisis in Europe?

European economic crisis . The economic crisis of 2008 is still resonating in many countries of Europe and Central Asia. In recent years, budget cuts and the economic slowdown have led to increasing levels of poverty as well as unemployment among a growing number of people in the region. The humanitarian landscape has become ever more complex due…

What was the Eurozone crisis?

The European debt crisis (often also referred to as the Eurozone crisis or the European sovereign debt crisis) is a multi-year debt crisis that has been taking place in the European Union since the end of 2009.

Is the Eurozone crisis over?

The Eurozone crisis is not over – it could erupt at any time. The European currency union has lived to see another day but there’s no room for euphoria as the crisis is only dormant. ‘The Eurozone crisis is only dormant, with all too much scope for a fresh eruption.’ Photo: Reuters.