Eurozone Crisis Top Pictures

October 3, 2011 5:31 PM EDT

  • 24 pictures

Eurozone Crisis Top Pictures

While the sovereign debt increases have been most pronounced in only a few eurozone countries mostly centered on events in Greece,they have become a perceived problem for the area as a whole.

In May 2011, the crisis resurfaced with the refinancing of Greek public debts.

The general public rejected the austerity measures and have expressed their dissatisfaction through angry street protests.

In late June 2011, the crisis situation was again brought under control with EU leaders pledging funds to support the country.

The Greek bail-out was followed by a €85 billion rescue package for Ireland in November, a €78 billion bail-out for Portugal in May 2011, then continuing efforts to meet the continuing crisis in Greece and other countries.

demonstration rallied against politicians, banks, the economic crisis and government austerity measures spread across European cities.

This article is copyrighted by IBTimes.ca, the business news leader
  • 24 pictures
Sponsor Link:
Join the Conversation
IBTimes TV

73 yr Old Becomes Oldest Woman to Climb Mount Everest

Global Markets
Existing Home Sales Jump, World Banks Lowers China Forecast, Euro Prepares for Greek Exit