You are here


Eurozone's 'doom loop' has gone into reverse, and may stick around for a bit

DURING the 2011-2012 euro crisis, the currency area became mired in a "doom loop", in which weak banks in financially distressed countries rationed credit, causing a recession that intensified pressure on government finances, which were already burdened by the need to cover banks' losses....

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to