Page-2 of Eurozone crisis

European Debt Crisis

Background: The Euro’s introduction in 1999 came along with unified interest rates in the nations that share the currency. These unified interest rates allowed members to borrow heavily. The result was that the bonds that were issued by the nations ..

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Release of $2.1 billion more for Ireland bailout by IMF

Another $2.1 billion of the rescue package will be released for Ireland by the International Monetary Fund (IMF). According to the IMF, Irish economy was showing signs of stabilisation. Along with those of Greece and Portugal, Ireland’s budget and banking ..

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