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Some countries in the EU (Greece, Spain, Italy, Portual and Ireland) have a national debt so high, that no one is willing to lend them money anynmore, or only at huge amounts of interest. Because these countries spend more than they earn, they need the money to keep the country from going bankrupt.

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Q: What is the definition of euro crisis?
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Definition of environmental crisis?

what is a proper definition of environmental crisis


What is needed for the Euro to rise above the Euro crisis?

A stable economy and a debt that is under control.


When did the euro zone crisis start?

november 14


Who started the Euro debt crisis?

Greece and Portugal.


Who of the countries that are using the euro are in financial crisis?

Greece and Portugal.


Does the euro crisis weaken or strengthen the European Integration?

Both. The Europeans are working together to help with the Euro crisis, but there are some setbacks. There is chaos in politics and some people don't want to help as they fear it'll drag their country down more into the debt crisis.


What is the definition of crisis planning?

Planning for a crisis. Glad I could help.


What is a disadvantage of having the euro as a currency?

Well, currently the Euro is intertwined with the European debt crisis, meaning the currency isn't doing so hot right now. However, the Euro has been slowly recovering.


How do people get the money for game shows and the lottery when were all in the euro zone crisis?

Game Shows


What challenges remain with the EU?

The European Union is still dealing with its immense debt crisis and the falling of the Euro.


Why are some European countries not worried about changing Denmark's currency to the Euro?

Denmark has had an opt-out on adopting the Euro since 1992. A referendum to adopt the Euro was held in 2000, but was rejected by just over half the population. Danish politicians have pushed for another referendum since 2000, with Danish supporting for adopting the Euro rising ever since then. However, when the European debt crisis hit in 2008, support for the Euro fell dramatically. Adopting the Euro is now opposed by about 2/3 of Danes. The United Kingdom is the only other country to have an official opt-out on joining the Eurozone. The British oppose adopting the Euro much more than the Danes, European debt crisis or not. If and when the European debt crisis subsides, Denmark could very well hold another referendum and vote for the Euro in the future.


When is Bulgaria changing to the euro?

not at all before 2012 (due to economic crisis in Bulgaria and EU)