THE 2012 ALL-EUROPE RESEARCH TEAM

摘要

Europe's debt crisis enters its third year with no resolution in sight. Greece appears as likely to default now as it did in May 2010, when euro zone countries and the International Monetary Fund cobbled together an aid package -coupled with austerity measures-to enable Athens to meet its obligations. Before that year ended Ireland became the first beneficiary of the European Financial Stability Facility, a bailout fund created in response to the Greek crisis and supported by the so-called troika: the European Central Bank, the European Union and the IMF.