Debt crisis

Debt crisis is the general term for a proliferation of massive public debt relative to tax revenues, especially in reference to Latin American countries during the 1980s, and the United States and the European Union since the mid-2000s. As well as the Chinese debt crises of 2015.[1][2][3][4] [5]

Current and recent debt crises

Europe

European debt crisis

Main article: European debt crisis

The European debt crisis is a crisis affecting several eurozone countries since the end of 2009.[6][7] Member states affected by this crisis were unable to repay their government debt or to bailout indebted financial institutions without the assistance of third-parties (namely the International Monetary Fund, European Commission, and the European Central Bank).[8] The causes of the crisis included high-risk lending and borrowing practices, burst real estate bubbles, and hefty deficit spending.[9] As a result, investors have reduced their exposure to European investment products, and the value of the Euro has decreased.[10]


Other European debt crisises

Latin America

North America

See also

References

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