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?

Size of the public sector

Europe's public sector workers have historically received generous pensions and health care, among other benefits of the welfare system, which in some cases has exacerbated the countries' debt problems. A key facet of austerity plans has been cutting both the size of the public sector and the generosity of the benefits public sector workers receive. 

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