European Sovereign Debt Crisis 2009–2019

Описание: 🇪🇺 The European Sovereign Debt Crisis (2009–2019) | Eurozone Fragility, Bailouts & Austerity

Download all lecture notes: https://www.researchgate.net/publicat...

This lecture offers a clear and comprehensive explanation of the European Sovereign Debt Crisis, a decade-long financial turmoil that exposed deep structural weaknesses in the Eurozone. Beginning with Greece’s deficit revelation in 2009, the crisis spread across Europe—impacting Ireland, Portugal, Spain, Italy, and Cyprus—leading to soaring borrowing costs, multiple bailouts, austerity programs, and fears of a Eurozone breakup.

You’ll learn why the crisis emerged, including fiscal mismanagement, Eurozone design flaws, spillovers from the Global Financial Crisis, and investor panic. The lecture also covers the critical role of EU institutions, the IMF, and the European Central Bank—highlighting Mario Draghi’s pivotal “whatever it takes” pledge in 2012 that helped stabilize markets. We conclude with how the crisis eventually subsided and its lasting social and political consequences.

Ideal for students studying international economics, European integration, sovereign debt, or global financial stability.

🎓 Based on official course lecture notes by Mehmet F. Dicle, Ph.D.
📘 For educational purposes only.