European sovereign debt crisis
GPTKB entity
Statements (63)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:Crisis_intervention
|
| gptkbp:caused_by |
high government debt levels
|
| gptkbp:characterized_by |
loss of investor confidence
banking sector vulnerabilities rising bond yields |
| gptkbp:highlights |
the importance of economic governance
the need for fiscal integration the risks of monetary union |
| https://www.w3.org/2000/01/rdf-schema#label |
European sovereign debt crisis
|
| gptkbp:influenced_by |
gptkb:European_Central_Bank
gptkb:European_Union gptkb:International_Monetary_Fund gptkb:economic_policies demographic changes credit rating agencies labor market conditions political decisions global economic conditions global trade dynamics market speculation domestic economic performance |
| gptkbp:involved |
gptkb:European_Financial_Stability_Facility
financial assistance programs debt restructuring private sector involvement conditionality measures bail-in measures |
| gptkbp:involves |
gptkb:Greece
gptkb:Ireland gptkb:Italy gptkb:Portugal gptkb:Spain |
| gptkbp:is_affected_by |
public services
social welfare programs government budgets |
| gptkbp:is_targeted_at |
gptkb:2008_financial_crisis
|
| gptkbp:led_to |
gptkb:social_unrest
spending cuts austerity measures bailouts increased taxation changes in governance structures increased scrutiny of national budgets creation of the European Stability Mechanism enhanced surveillance mechanisms greater emphasis on debt sustainability implementation of fiscal compact increased public debt levels reduced economic growth reforms in fiscal policies |
| gptkbp:occurs_in |
Eurozone countries
|
| gptkbp:resulted_in |
gptkb:Crisis_intervention
political instability high unemployment rates public protests political changes increased nationalism long-term economic challenges rise of populist movements changes in public sentiment towards the EU |
| gptkbp:wing_configuration |
2009 to 2012
|
| gptkbp:bfsParent |
gptkb:global_financial_crisis_of_2008
|
| gptkbp:bfsLayer |
7
|