The eurozone crisis explained in 5 simple graphs

Governments have collapsed and bailouts have run into the hundreds of billions of euros, and still the eurozone crisis builds. How did we get here?

Exports as a percentage of GDP

Part of Europe's problem is that today few of the countries have major export bases. Germany remains an export-based economy, but that is not the case in most of the eurozone. A key question when looking at the eurozone, says Kirkegaard, is “Does this country have anything that the world wants to buy?” In many cases, the answer is, "Not much."

5 of 6
of stories this month > Get unlimited stories
You've read  of 5 free articles. Subscribe to continue.

Unlimited digital access $11/month.

Get unlimited Monitor journalism.