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  • September 2012 (Revised July 2013)
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Can the Eurozone Survive?

By: Dante Roscini and Jonathan Schlefer
  • Format:Print
  • | Language:English
  • | Pages:35
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Abstract

The sovereign debt crisis that took Greece by storm in 2010 began to spread to other European markets. Within a few months Ireland and Portugal had also lost access to the sovereign debt markets and had to rely on supranational loans for their financing. The risk of further contagion was clear and present. Political leaders continued to seek measures to stem the crisis and to avoid the larger economies of Spain and Italy becoming involved. The European financial system became strained. Banks were found to be undercapitalized and began to ration credit to the economy. The European Central Bank intervened to provide liquidity to the system in order to avoid a credit crunch. Could the eurozone survive the storm?

Keywords

Sovereign Debt Crisis; Currency Areas; Financial Crisis; Borrowing and Debt; Currency Exchange Rate; International Relations; Banking Industry; European Union; Germany; France; Italy; Spain; Greece; Portugal

Citation

Roscini, Dante, and Jonathan Schlefer. "Can the Eurozone Survive?" Harvard Business School Case 713-034, September 2012. (Revised July 2013.)
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About The Author

Dante Roscini

Business, Government and the International Economy
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Related Work

    • September 2012 (Revised July 2013)
    • Faculty Research

    Can the Eurozone Survive?

    By: Dante Roscini and Jonathan Schlefer
    • October 2016
    • Faculty Research

    Can the Eurozone Survive?

    By: Dante Roscini and Matthew G. Preble
Related Work
  • Can the Eurozone Survive? By: Dante Roscini and Jonathan Schlefer
  • Can the Eurozone Survive? By: Dante Roscini and Matthew G. Preble
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