Crisis hit the Eurozone after the collapse of Lehman Brothers in 2008 and the start of the credit crunch. In 2009, all EU economies (except Poland) ran into difficulties; even Germany recorded...

Crisis hit the Eurozone after the collapse of Lehman Brothers in 2008 and the start of the credit crunch. In 2009, all EU economies (except Poland) ran into difficulties; even Germany recorded negative growth in GDP. By 2010 there was some recovery in most EU countries, but not in Ireland, Greece or Spain.