Learn › Economic history › The Eurozone Crisis — 2009 to 2015
Economic history · The world economy
2009 to 2015. Greece's deficit turned out far bigger than reported, and the crisis spread across the euro area. Who was rescued and on what terms, what the European Central Bank did, what it cost, and why the causes are still argued over.
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1 The Eurozone Crisis, 2009 to 2015 From a deficit revision in 2009 to a third rescue in 2015, with Ireland, Portugal, Spain and Cyprus needing help along the way. 7 steps · 10 min Done 2 The Greek Bailout and Rescue Funds of 2010 A government that could no longer borrow, and a currency union with no fund to lend from. 7 steps · 10 min Done 3 The Irish Bailout of 2010 A government with little debt, a promise to its banks, and an 85 billion euro bill. 6 steps · 9 min Done 4 Contagion to Portugal, Spain and Italy The crisis moved from small countries to two of the largest in the euro area. 6 steps · 9 min DoneCountry data from the World Bank (CC BY 4.0) and the UNDP Human Development Report (CC BY 3.0 IGO)
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