Hearing on the european debt and financial crisis origins options and implications for the us and global economy area crisis and its implications for the united states. Committee on banking housing and urban affairs subcommittee on security and international trade and finance will meet in open session to conduct a hearing entitled the european debt and financial crisis origins options and implications for the us and global economy. The european debt and financial crisis origins options and implications for the us and global economy hearing before the subcommittee on security and international trade and finance of the committee on banking housing and urban affairs united states senate one hundred twelfth congress first session on examining the dimensions of the european economic crisis including options for . The european debt crisis often also referred to as the eurozone crisis or the european sovereign debt crisis is a multi year debt crisis that has been taking place in the european union since the end of 2009 several eurozone member states greece portugal ireland spain and cyprus were unable to repay or refinance their government debt or to bail out over indebted banks under their . The european economic crisis is no accident it is entirely the product of fundamental policy mistakes begun long ago and since magnified and papered over time and again i believe there are two
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