The world this year

摘要

High levels of public debt among countries in the euro zone turned into a full-blown crisis for the currency block. As markets began to lose confidence in the ability of a few countries to finance their debt, and rapidly pushed up their borrowing costs, the European Union and the imf eventually resolved to bail out Greece and, later, Ireland. Investors also fretted over Spain and Portugal. Measures to tackle budget deficits were met with protests, especially in Greece, which endured strikes and riots. In France lm people demonstrated against pension reforms in a single day.