European debt crisis
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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. Several eurozone member states (Greece, Portugal, Ireland, Spain and Cyprus) were unable to repay or refinance their government debt or to bail out over-indebted banks under their national supervision without the assistance of third parties like other Eurozone countries, the European Central Bank (ECB), or the International Monetary Fund (IMF).
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See also
- 2000s commodities boom
- Crisis situations and unrest in Europe since 2000
- Federal Reserve Economic Data
- Great Recession
- Great Recession in Europe
- List of acronyms: European sovereign-debt crisis
- List of countries by credit rating
- List of protagonists: European sovereign-debt crisis
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