European Monetary Union
Should a bank run in Italy ensue, could the euro fall apart?
Jason Voss, CFA, content director at CFA Institute, recently updated his overview and analysis of the European sovereign debt crisis which includes a comprehensive timeline of key events.
Most commentators trace the beginning of the European sovereign debt crisis to 5 November 2009, when Greece revealed that its budget deficit was 12.7% of gross domestic product (GDP), more than twice what the country had previously disclosed. However, the real origins of the crisis can be traced to the very structures that govern Europe's institutions.
Why is Europe standing on the cliff’s edge? What went wrong? How did we get here?
These are simple questions with anything but simple answers. To help illuminate the issues, I hosted a live webinar on 11 October 2011 featuring… READ MORE ›