The Greek government-debt crisis is one of a number of current European sovereign-debt crises. In late 2009, fears of a sovereign debt crisis developed among investors concerning Greece's ability to meet its debt obligations because of strong increase in government debt levels.[1][2][3] This led to a crisis of confidence, indicated by a widening of bond yield spreads and the cost of risk insurance on credit default swaps compared to the other countries in the Eurozone, most importantly Germany.[4][5]
- ^ Higgins, Matthew; Klitgaard, Thomas (2011). "Saving Imbalances and the Euro Area Sovereign Debt Crisis" (PDF). Current Issues in Economics and Finance. 17 (5). Federal Reserve Bank of New York. Retrieved 5 April 2012.
- ^ George Matlock (16 February 2010). "Peripheral euro zone government bond spreads widen". Reuters. Retrieved 28 April 2010.
- ^ "Acropolis now". The Economist. 29 April 2010. Retrieved 22 June 2011.
- ^ "Greek/German bond yield spread more than 1,000 bps". Financialmirror.com. 28 April 2010. Retrieved 5 May 2010.[dead link]
- ^ "Gilt yields rise amid UK debt concerns". Financial Times. 18 February 2010. Retrieved 15 April 2011.
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