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The Eurozone Debt Crisis The Eurozone crisis is essentially a problem of over-borrowing by some countries and their inability to pay these debts. These countries are unable to pay the debts because their economies are not performing well enough so government and banks cannot generate enough revenues from internal economic activities. At the same time, the collapse of some US financial institutions severely aggravated the situation. Banks and government completely lost their investments. The Eurozone crisis began as early as 2005 when some countries began having problems paying their debt from private banks. The problem escalated when some ...
