Economic History · Recent
The Euro Crisis
How one currency without one treasury nearly broke: yield convergence and booms, Greece's hidden deficits, bailouts for Greece, Ireland, Portugal, Spain and Cyprus, the bank–sovereign 'doom loop', Draghi's 'whatever it takes', and the 2015 Greek showdown.
Step 1 of 6 · Overview30 min read ·
Key idea
Prereqs: Europe & the EU; Bonds & yields. Next: The Changing World Order; Central banks. Sources: ECB; Ashoka Mody, *EuroTragedy* (2018); Adam Tooze, *Crashed* (2018); Draghi London speech (July 26, 2012).Next: 1. Setup