From late 2009, fears of a sovereign debt crisis developed among investors concerning some European states, intensifying in early 2010.[1][2] This included eurozone members Greece, Ireland, Italy, Spain and Portugal, and also some non-Eurozone EU countries. Iceland, the country which experienced the largest crisis in 2008 (see 2008–2011 Icelandic financial crisis) when its entire international banking system collapsed, has emerged less affected by the sovereign debt crisis. In the EU, especially in countries where sovereign debts have increased sharply owing to bank bailouts, a crisis of confidence has emerged with the widening of bond yield spreads and risk insurance on credit default swaps between these countries and other EU members, most importantly Germany.
TEDSpread Jumped prior to August 8th. Why?
Financial crisis
