What was the beginning year of the European debt crisis that particularly affected Portugal, Italy, Greece, and Spain?
European debt crisis The European debt crisis (often also referred to as the Eurozone crisis or the European sovereign debt crisis) is a multi-year debt crisis that has been taking place in the European Union since the end of 2009. Several eurozone member states (Greece, Portugal, Ireland, Spain and Cyprus) were unable to repay or refinance their government debt or to bail out over-indebted banks under their national supervision without the assistance of third parties like other Eurozone countries, the European Central Bank (ECB), or the International Monetary Fund (IMF).
Winter of 2010–11 in Europe The winter of 2010–2011 in Europe began with an unusually cold November caused by a cold weather cycle that started in southern Scandinavia and subsequently moved south and west over both Belgium and the Netherlands on 25 November and into the west of Scotland and north east England on 26 November. This was due to a low pressure zone in the Baltics, with a high pressure over Greenland on 24 November.