Back أزمة الديون الأوروبية Arabic Crisis del euru AST Еўрапейскі даўгавы крызіс BE Дългова криза в еврозоната Bulgarian ইউরোপীয় ঋণ সংকট Bengali/Bangla Crisi de la zona euro Catalan Dluhová krize v eurozóně Czech Eurokrise German Κρίση της Ευρωζώνης Greek Euro area crisis English
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The Eurozone crisis also known as the European debt crisis, was a multi-year debt crisis that happened in the European Union.
The crisis happened due to a currency crisis, which is a stop of the flow from foreign capital into countries that were dependent on foreign lending. The crisis became worse because the countries could not devalue the currency (reduction of the currencies value) due to the Euro being a shared currency.[1][2]
- ↑ Copelovitch, Mark; Frieden, Jeffry; Walter, Stefanie (2016). "The Political Economy of the Euro Crisis". Comparative Political Studies. doi:10.1177/0010414016633227. ISSN 0010-4140.
- ↑ Frieden, Jeffry; Walter, Stefanie (2017). "Understanding the Political Economy of the Eurozone Crisis". Annual Review of Political Science. doi:10.1146/annurev-polisci-051215-023101. ISSN 1094-2939.