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About: European debt crisis contagion     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:Sound107371293, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: yago:WikicatStockMarketCrashesyago:Abstraction100002137yago:Clang107380144yago:Event100029378yago:Happening107283608yago:Noise107387509yago:PsychologicalFeature100023100yago:YagoPermanentlyLocatedEntityyago:Sound107371293 New Facet based on Instances of this Class

European debt crisis contagion refers to the possible spread of the ongoing European sovereign-debt crisis to other Eurozone countries. This could make it difficult or impossible for more countries to repay or re-finance their government debt without the assistance of third parties. By 2012 the debt crisis forced 5 out of 17 Eurozone countries to seek help from other nations. Some believed that negative effects could spread further possibly forcing one or more countries into default.