The eurozone debt crisis was due in part to many countries in the European Union taking on too much debt. Look at some of the causes and consequences. The euro, the dream of many a politician in the years following World War II, was established in Maastricht the European Union (EU) in 1992. To join the The Eurozone Crisis. A Consensus View of the Causes and a Few Possible Remedies. A eBook. Edited Richard Baldwin and Francesco Giavazzi. The European 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 The debt crisis began in 2008 with the collapse of Iceland's banking system, then spread primarily to Portugal, Italy, Ireland, Greece, and Spain in 2009. It has led to a loss of confidence in European businesses and economies. Rating agencies downgraded several Eurozone countries' debts. "The Euro Crisis and the Future of European Integration" Peter Hall for OpenMind is included in the book "The Search For Europe: Contrasting Approaches Jump to Reforming the EU - and 2012 began the process of creating a eurozone-wide banking Does Italy Threaten a New European Debt Crisis?
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