Europe worries about both inflation and debt. @Veronique deRugy @GeorgeMasonU, @Mercatus Center,
Dec 10, 2021, 02:17 AM
Photo: Public debt in 2009, Source: European Commission. Legend:
* green < 20% < < 40% < < to Maastricht 60% criteria; * red > 80% > > 60% Maastricht criteria * grey No data, not in the EU.
* green < 20% < < 40% < < to Maastricht 60% criteria; * red > 80% > > 60% Maastricht criteria * grey No data, not in the EU.
Europe worries about both inflation and debt. @Veronique deRugy @GeorgeMasonU, @Mercatus Center,
Veronique de Rugy, @veroderugy, @GeorgeMasonU, @Mercatus Center, Senior Research Fellow, Mercatus Center, George Mason University & NRO Online.
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The European debt crisis, often also referred to as the eurozone crisis or the European sovereign debt crisis, is a multiyear debt crisis that has been taking place in the European Union (EU) 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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The European debt crisis, often also referred to as the eurozone crisis or the European sovereign debt crisis, is a multiyear debt crisis that has been taking place in the European Union (EU) 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).