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2010 European Sovereign Debt Crisis

A crisis of the widening of bond yield spreads and risk insurance on credit default swaps between several European countries in early 2010.

In early 2010, fears of a sovereign debt crisis developed concerning some countries in the Euro Area, specifically: Greece, Spain, Italy, Ireland, and Portugal (see PIIGS). This led to a crisis of confidence as well as the widening of bond … see full wiki

Tags: Politics, Economics, Europe

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