The Economic Commission for Africa says Africa's economy faces "serious" threats because of the Eurozone crisis and the Arab Spring. 2012-01-27
Silvio Berlusconi resigns as Prime Minister of Italy to make way for an emergency government to address the country's economic crisis; thousands of Italians celebrate his departure in street demonstrations. 2011-11-12
Reports indicate that European private banks have agreed to accept a 50% loss on Greek bonds, therefore removing the last apparent roadblock to a solution for the European sovereign debt crisis. [http:--www.ajc.com-business-eu-official-banks-agree-1210215.html (AP via "Atlanta Journal-Constitution")]date=August 2019 2011-10-27
Asian and European stock markets open lower in response to the ongoing sovereign debt crisis in Europe. 2011-09-26
Stock markets in the United States and Europe rally after major banks, including the European Central Bank and the United States Federal Reserve, initiate a plan to help end the European sovereign debt crisis. 2011-09-15
Bailouts for Greece's financial system are challenged in a German court amid concerns that the result may rock the European Union. 2011-07-5
Concerns grow that Portugal's banks may need another bailout after it is downgraded to "junk" status. 2011-07-5
The International Monetary Fund calls on eurozone countries to provide more money for Greece and to stop what the IMF regards as "unproductive" arguments about burning bondholders. 2011-06-21