EUROZONE SOVEREIGN DEBT CRISIS

European sovereign-debt crisis EURO-ZONE ECONOMIC CHALLENGE Long-term interest rates of all eurozone countries except Estonia (secondary market yields of government bonds with maturities of close to ten years)[1] A yield of 6% or more indicates that financial markets have serious doubts about credit-worthiness.[2] The European sovereign debt crisis (referred to by analysts and investment banking professionals as The ESDC) is an ongoing financial crisis that has made it difficult or impossible for some countries in the euro area to re-finance their government debt without the assistance of third parties.[3] From late 2009, fears of a sovereign debt crisis developed among investors as a result of the...

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