European crisis Question by John Doe: How did the Euro Crisis begin and where?
How have Greece and EU tried to help the problem?
Have these attempts been successful?
How has Greece been affected?
How have stock markets around the world reacted? Especially in the U.S.?
How have the actions of the EU affected Germany and Angela Merkel?
Who else has helped the Greeks besides the EU?
What other European countries are in danger of economic failure?

Best answer:

Answer by PenelopeM
Greece is the epicentre of the Euro problem, and it really isn’t a problem with the Euro itself, but a problem with the Greek National Debt, some of which likely still originates with the Athens Olympics in 2004.

Other Euro Zone countries that are having trouble include:
Portugal
Italy
Ireland
Greece
Spain

You can remember these with the acronym “PIIGS.”

(Similar to the acronym “BRIC” which stands for Brazil, Russia, India, and China.)

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European crisis

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