# Eurozone sovereign-debt crisis

The euro area crisis, also known as the eurozone crisis, European debt crisis, or European sovereign debt crisis, was a debt crisis and financial crisis in the European Union (EU) that occurred between 2009 and 2018.

## Dated facts

- 2011: Papandreou calls then abandons bailout referendum. https://factrail.ai/facts/papandreou-referendum-call-2011-10-31. Sources: https://www.bbc.com/news/world-europe-15551196, https://nationalpost.com/news/canada/greek-prime-minister-george-papandreous-surprise-connection-to-canada.
- 2010: Papandreou requests EU-IMF bailout for Greece. https://factrail.ai/facts/papandreou-requests-bailout-2010-04-23. Sources: https://www.cbc.ca/news/business/greek-pm-calls-for-eu-bailout-loans-1.940700, https://www.rferl.org/a/Greece_Asks_For_EUIMF_Rescue_Package/2022356.html, https://www.theguardian.com/world/2010/may/09/greece-debt-crisis-euro-imf, https://www.latimes.com/archives/la-xpm-2010-mar-15-la-oe-meaney15-2010mar15-story.html.
- 2009: George Papandreou becomes Greek prime minister. https://factrail.ai/facts/papandreou-becomes-pm-2009-10-06. Sources: https://www.aljazeera.com/news/2009/10/5/opposition-wins-greek-election, https://www.theguardian.com/world/2009/oct/05/pasok-wins-snap-greek-poll, https://www.theguardian.com/world/2009/oct/06/george-papandreou-sworn-greek-pm, https://www.bbc.com/news/world-europe-15551196.

## Methodology

https://factrail.ai/methodology

Canonical: https://factrail.ai/drivers/eurozone-sovereign-debt-crisis