Sovereign debt crisis, which has taken by storm in 2010, Greece began to spread to other European markets. For several months, Ireland and Portugal have also lost access to the markets of sovereign debt and had to rely on sub-national loans to finance them. The risk of further infection was clear and present. Political leaders continued to seek action to stop the crisis and avoid the large economies of Spain and Italy's involvement. European financial system has become strained. Banks were inadequate diet and started lending to the economy. The European Central Bank stepped in to provide liquidity to the system to avoid a credit crunch. Can the eurozone survive the storm? "Hide
on Dante Roscini, Jonathan Schlefer Source: Harvard Business School 35 pages. Publication Date: September 20, 2012. Prod. #: 713034-PDF-ENG
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