The Facts: Eurozone

  •  In 2004, Greece admitted that it gave misleading financial information to gain admission into the Eurozone.

Wilkinson, Peter and Irene Chapple. “The Rise and Fall of the Euro.” CNN Money. January 13, 2012. Accessed: January 21, 2012.

  • In 2011, investors in global stock markets lost $6.3 trillion in wealth mainly due to fears of a Eurozone breakup.

Eichler, Alexander. “The European Debt Crisis: A Beginner’s Guide.” The Huffington Post. December 21, 2011. Updated December 27, 2011. Accessed: January 21, 2012.

  • Portugal, Ireland, Italy, Greece, and Spain have been assigned the acronym “PIIGS” and are some of the most indebted Eurozone countries. Researchers note that if a disaster happens, it will start with one of these countries.

Wilkinson, Peter and Irene Chapple. “The Rise and Fall of the Euro.” CNN Money. January 13, 2012. Accessed: January 21, 2012.