European Sovereign Debt Crisis
In November 2009, concerns about some EU member states' debts start to grow following the Dubai sovereign debt crisis.
In December, Greece admits that its debts have reached 300bn euros - the highest in modern history.
Greece is burdened with debt amounting to 113% of GDP - nearly double the eurozone limit of 60%. Rating agencies start to downgrade Greek bank and government debt.
In December, Greece admits that its debts have reached 300bn euros - the highest in modern history.
Greece is burdened with debt amounting to 113% of GDP - nearly double the eurozone limit of 60%. Rating agencies start to downgrade Greek bank and government debt.
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