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(詳細はsovereign debt crisis developed among fiscally conservative investors concerning some European states, with the situation becoming particularly tense in early 2010. This included Eurozone members Greece, Ireland and Portugal and also some European Union (EU) countries outside the area.〔 Iceland, the country which experienced the largest crisis in 2008 when its entire international banking system collapsed has emerged less affected by the sovereign debt crisis as the government was unable to bail the banks out.〕 In the EU, especially in countries where sovereign debt has increased sharply due to bank bailouts, a crisis of confidence has emerged with the widening of bond yield spreads and risk insurance on credit default swaps between these countries and other EU members, most importantly Germany. This was the first Eurozone crisis since its creation in 1999. As Samuel Brittan pointed out, Jason Manolopoulos "shows conclusively that the Eurozone is far from an optimum currency area". Niall Ferguson also wrote in 2010 that "the sovereign debt crisis that is unfolding... is a fiscal crisis of the western world". Axel Merk argued in a May 2011 Financial Times article that the dollar was in graver danger than the euro.〔 This reference links to a Google search where the first result is the correct link. Following the link directly would result in the news site requiring a subscription to access the article. Going through Google allows you to access the article without paying for a subscription.〕 Concern about rising government deficits and debt levels〔(【引用サイトリンク】title=Fiscal Deficit and Unemployment Rate, FT )〕 across the globe together with a wave of downgrading of European government debt created alarm in financial markets. The debt crisis is mostly centred on events in Greece, where the cost of financing government debt has risen. On 2 May 2010, the Eurozone countries and the International Monetary Fund agreed to a for Greece, conditional on the implementation of harsh austerity measures. On 9 May 2010, Europe's Finance Ministers approved a comprehensive rescue package worth €750 billion (then almost a trillion dollars) aimed at ensuring financial stability across Europe by creating the European Financial Stability Facility. The Greek bail-out was followed by a €85 billion rescue package for Ireland in November,〔Treanor, Jill and Elliott, Larry (Ireland to get €85bn loan in deal that will nationalise its banks ) The Guardian, 24 November 2010, Retrieved 19 May 2011〕 and a €78 billion bail-out for Portugal in May 2011. While the sovereign debt increases have been most pronounced in only a few Eurozone countries they have become a perceived problem for the area as a whole. In May 2011, the crisis resurfaced, concerning mostly the refinancing of Greek public debt.〔 〕 The Greek people generally rejected the austerity measures and have expressed their dissatisfaction with protests. In late June 2011, the crisis situation was again brought under control with the Greek government managing to pass a package of new austerity measures and EU leaders pledging funds to support the country. In May 2012 the crisis escalated to new levels following the national Greek legislative election, May 2012. Greek parties failed to form a coalition Government following the election and there was widespread speculation of Greece exiting the Eurozone, termed a "Grexit". A new election is scheduled for June 2012: Next Greek legislative election Below is a brief summary of some of the main events since the Greek government debt crisis. == 2009 == 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「2000s European sovereign debt crisis timeline」の詳細全文を読む スポンサード リンク
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