Economics, Econometrics and Finance
2 years ago

Eurozone countries receive bailout loans after global financial crisis triggers collapse.

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Oxford University Press eBooks
7. The global financial crisis and the Eurozone sovereign debt crisis
John Goddard, John O. S. Wilson

Paper Summary

The article talks about how the US financial crisis led to the Eurozone banking collapse. Problems with US mortgage-backed securities caused big investment banks to fail. The US Federal Reserve and Treasury took action. European banks also struggled. By 2014, five Eurozone countries got bailout loans due to the crisis.

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